VCA - Carriage Hills Animal Hospital
- Price: $1,875,000
- Cap Rate: 6.40%
- Years Remaining: 9
- Rentable Area: 12,482 SF
Heart and Paw - Harbor Animal Hospital
Warren, RI
Investment Highlights
- Sales Price: $1,875,000
- Cap Rate: 6.40%
- Years Remaining: 9
- Lot Size: 0.74 Acres
- Market: Warren, Rhode Island
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, Harbor Animal Hospital investment property located in Warren, Rhode Island. The tenant, Heart + Paw Acquisition Co., LLC., has approximately 9 years remaining on their current lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease is NN with landlord responsibilities limited to maintaining HVAC systems, roof, foundation, exterior walls, parking lot, and exterior grounds making it an ideal, low-management investment opportunity for a passive investor.
Location
The subject property is ideally situated near the signalized, hard-corner intersection of Market Street and Kickemuit Road, averaging a combined 51,078 vehicles passing by daily. The 5-mile trade area is supported by 78,344 residents and 31,801 employees, providing a direct residential consumer base from which to draw. Residents within 3 miles of the subject property boast an affluent average household income of $141,653
