Village East Animal Hospital
Evansville, Indiana

nva-logo

Evansville Indiana

1305 S. Green River Road, Evansville, Indiana 47715

Investment Highlights

Contact Broker

Description

The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, recently renovated, Village East Animal Hospital investment property located in Evansville, Indiana. The tenant, NVA Village East Animal Hospital, Inc., recently executed a 7-year lease extension providing for an initial term through October 2027 with 2 (5-year) options to extend, demonstrating their strong commitment to the site. The lease features annual CPI-based rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor.

Location

Village East Animal Hospital is strategically situated within a densely populated neighborhood that includes several apartment complexes within walking distance of the animal hospital. Nearby apartments include Addison Place (152 units), Devonshire Place (106 units), Horizon Homes (148 units), and Dalehaven Estates (119 units), providing the site with a direct residential consumer base from which to draw. The property is ideally situated along S Green River Road, a major retail and commuter thoroughfare averaging 17,300 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large pylon sign. S Green River Road is the primary retail corridor traveling throughout Evansville, featuring a variety of national/credit tenants including The Home Depot, Target, Dillards, Macy’s, Ross Dress for Less, Michaels, Kohl’s, Walgreens, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. In addition, the animal hospital is located just 1 mile southeast of Ascension St. Vincent Evansville (438 beds), a comprehensive network of healthcare services for more than 900,000 residents in the tri-state area (IN, IL, and KY). The 5-mile trade area is supported by nearly 112,000 residents and 103,000 daytime employees with an average household income of $62,000.

Contact Broker