MVP - Companion Animal Hospital
- Price: $2,880,000
- Cap Rate: 5.75%
- Years Remaining: 14
- Rentable Area: 6,238 SF
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MVP - Companion Animal Hospital
Kenosha, WI
Investment Highlights
- Sales Price: $2,880,000
- Cap Rate: 5.75%
- Years Remaining: 14
- Lot Size: 0.71 Acres
- Market: Kenosha, 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, Companion
Animal Hospital of Kenosha investment property located in Kenosha, Wisconsin. The Tenant, Mission Veterinary Partners, has over 14 years remaining in their
initial term with one 5-Year option to extend. The lease features annual rental increases of no less than 2% and no more than 2.5%. The lease is a triple net with
limited landlord responsibilities of structure, making it an ideal, low-management investment opportunity for a passive investor. Founded in 2017, MVP is a
veterinary services organization providing care for millions of pets across the country. Their mission is to be the employer of choice in veterinary medicine.
Location
Companion Animal Hospital is strategically located on 52nd Street. The site benefits from superior visibility via significant street frontage and a monument
situated along 52nd Street. It shares this busy Kenosha area with businesses like KFC, Wendy’s, U-Haul, and Walgreens. The location benefits from the frequent
street traffic of 52nd Street, which sees 19,300 vehicles daily. The 5-mile trade area is supported by a population of 121,895 and 43,531 daytime employees with
an average household income of $81,388.
