PetVet - Johns Creek Veterinary Clinic
- Price: $1,575,642
- Cap Rate: 9.50%
- Years Remaining: 1.5
- Rentable Area: 1,907 SF
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PetVet - Johns Creek Vet Clinic
Johns Creek, GA
Investment Highlights
- Sales Price: $1,575,642
- Cap Rate: 9.50%
- Years Remaining: 1.5
- Lot Size: 1.48 Acres
- Market: Johns Creek, GA
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, Johns Creek Veterinary Clinic investment property located in Johns Creek, Georgia. The Tenant, PetVet Care Centers, has 1.5 years remaining in their initial term with 2 3-year options to extend. The lease features annual rental increases of 3%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. With more than 450 locally-led General Practice, Speciality, Emergency, and Equine hospitals, PetVet Care Centers offers outstanding care across the country.
Location
Johns Creek Veterinary Clinic is strategically located on Medlock Bridge Road. The site benefits from superior visibility via significant street frontage and a monument sign situated along Medlock Bridge Road. It shares this busy Johns Creek area with businesses like Target, Publix, Home Depot, and Whole Foods. The location benefits from the frequent street traffic of Medlock Bridge Road, which sees 40,148 vehicles daily. The 5-mile trade area is supported by a population of 202,909 and 98,259 daytime employees with an average household income of $191,237.
