NVA - Nickerson Animal Health Center
- Price: $707,000
- Cap Rate: 8.75%
- Years Remaining: 5.5
- Rentable Area: 3,597 SF
Previous
Next
NVA - Nickerson Animal Health Center
Benton Harbor, MI
Investment Highlights
- Sales Price: $707,000
- Cap Rate: 8.75%
- Years Remaining: 5.5
- Lot Size: .92 Acres
- Market: Benton Harbor, MI
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, Nickerson Animal
Health Center investment property located in Benton Harbor, Michigan. The Tenant, NVA, has over 5 years remaining in their initial term with 2 5-year options
to extend. The lease features annual rental increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management
investment opportunity for a passive investor. NVA is the largest private owner of freestanding veterinary hospitals. NVA owns more than 1,000 veterinary hospitals
and pet resorts in the United States, Canada, Australia, New Zealand and Singapore
Location
Nickerson Animal Health Center is strategically located on Nickerson Avenue. The site benefits from superior visibility via significant street frontage and a monument
sign situated along Nickerson Avenue. It shares this busy Benton Harbor area with businesses like Dunkin, Walmart, and Best Buy. The location benefits from
the frequent street traffic of Nickerson Avenue, which sees 9,888 vehicles daily. The 5-mile trade area is supported by a population of 53,836 and 25,554 daytime
employees with an average household income of $97,336.
sign situated along Nickerson Avenue. It shares this busy Benton Harbor area with businesses like Dunkin, Walmart, and Best Buy. The location benefits from
the frequent street traffic of Nickerson Avenue, which sees 9,888 vehicles daily. The 5-mile trade area is supported by a population of 53,836 and 25,554 daytime
employees with an average household income of $97,336.
