Encore - Northfield Veterinary Hospital
- Price: $455,882
- Cap Rate: 8.50%
- Years Remaining: 1
- Rentable Area: 2,196 SF
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Encore - Northfield Veterinary Hospital
Northfield, OH
Investment Highlights
- Sales Price: $455,882
- Cap Rate: 8.50%
- Years Remaining: 1
- Lot Size: 0.23 Acres
- Market: Northfield, Ohio
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Northfield Veterinary Hospital investment property located in Northfield, Ohio. The Tenant, EncoreVet Group, has less than 1 year remaining in their initial term with three 5-year options to extend. The lease features annual rental increases after the first four years. The lease is a NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Encore is a veterinary-led organization, founded and led by a DVM, and now has 63 locations nationwide.
Location
Northfield Veterinary Hospital is strategically located on Northfield Road. The site benefits from superior visibility via significant street frontage and a pylon sign situated along Northfield Road. It shares this busy Northfield area with businesses like Aldi, Target, Walgreens and CVS Pharmacy. The location benefits from the frequent street traffic of Northfield Road which sees 19,893 vehicles daily. The 5-mile trade area is supported by a population of 104,027 and 65,282 daytime employees with an average household income of $88,224.
