French Creek Veterinary Hospital
Pottstown, PA

VCA

French Creek Veterinary Hospital

Investment Highlights

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Description

The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased VCA French Creek Animal Hospital investment property located in Pottstown, PA. The tenant, Pet Partners of Pottstown LLC, currently has over 3.5 years remaining on their initial term, with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2 % annual rental increases throughout the initial term, and during the option periods, generating additional NOI and hedging against inflation. The lease is NN with with landlord responsibilities limited to maintaining the roof, structure, covered plumbing and electrical lines, and replacement of HVAC unit, making it an ideal, low-management investment opportunity for a passive investor. VCA Animal Hospitals operate more than 1,000 small animal veterinary hospitals in the U.S., Canada, and Brazil. Staffed with over 6,000 fully qualified veterinarians, VCA Animal Hospital is at the forefront of veterinary care for your pet and is committed to improving the standard of care for pets worldwide. 

Location

French Creek Animal Hospital is located on Ridge Road, which averages 9,200 vehicles passing by daily. They experience excellent visibility along Ridge Road due to a large amount of street frontage and a large monument sign. The subject site is equipped with a covered outdoor area to comfortably accommodate the patients during their stay. The property is ideally situated near Warwick County Park, Horeshoe Trail, and Saint Peters Village Trails, popular scenic attractions with large areas perfect for pet owners to walk/ruin their dogs. French Creek Animal Hospital is located less than 6 miles south from Coventry Mall, a 645,000+ square foot regional mall anchored by Dick’s Sporting Goods, JOANN Fabric and Crafts, and Boscov’s. The 10-mile trade area is supported by more than 235,000 residents and 91,000 daytime employees with an affluent average household income of $122,955.

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