Heartland - Glenwood City Veterinary Clinic
- Price: $1,130,000
- Cap Rate: 8.49%
- Years Remaining: 3
- Rentable Area: 8,000 SF
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Heartland - Glenwood City Vet Clinic
Glenwood City, WI
Investment Highlights
- Sales Price: $1,130,000
- Cap Rate: 8.49%
- Years Remaining: 3
- Lot Size: 4.2 Acres
- Market: Glenwood City, Wisconsin
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, Glenwood City Veterinary Clinic investment property located in Glenwood, Wisconsin. The Tenant, Heartland Veterinary Partners, has over 3 years remaining in their initial term with 2 (two) 3-Year options to extend. The lease features term increases. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Heartland Veterinary Partners is a veterinary management company that aims to support veterinary practices and their owners. The company was founded in 2017 and is headquartered in Chicago, Illinois, with offices in various locations across the United States.
Location
Glenwood City Veterinary Clinic is strategically located on Syme Avenue. The site benefits from superior visibility via significant street frontage and a pylon sign situated along Syme Avenue. It shares the Glenwood City area with businesses like Family Dollar. The location benefits from the frequent street traffic of Syme Avenue, which sees 1,902 vehicles daily. The 5-mile trade area is supported by a population of 3,534 and 471 daytime employees with an average household income of $98,740.
