Heartland - Western Trails Veterinary Hospital
- Price: $877,037
- Cap Rate: 6.75%
- Years Remaining: 9+
- Rentable Area: 4,298 SF
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Heartland - Western Trails Veterinary Hospital
Edgewood, NM
Investment Highlights
- Sales Price: $877,037
- Cap Rate: 6.75%
- Years Remaining: 9+
- Lot Size: 2.45 Acres
- Market: Edgewood, New Mexico
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, Western Trails Veterinary Hospital property located in Edgewood, New Mexico. The Tenant, Heartland Veterinary Partners has over 9 years remaining in their initial term with two (2) 10-year options to extend. The lease features 2% annual rental increases. The lease is a triple net with zero 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
Western Trails Veterinary Hospital is strategically located on Highway 333. The site benefits from superior visibility via significant street frontage and a pylon sign situated along Highway 333. It shares the Edgewood area with businesses like Walgreens, Dollar Tree, and McDonald’s. The location benefits from the frequent street traffic of Highway 333 which sees 5,941 vehicles daily. The 5-mile trade area is supported by a population of 11,225 and 1,274 daytime employees with an average household income of $82,254.
