NVA - Veterinary Emergency Referral Center
- Price: $3,649,634
- Cap Rate: 5.75%
- Years Remaining: 7+
- Rentable Area: 9,377 SF
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NVA - Vet Emergency Referral Center
Pensacola, FL
Investment Highlights
- Sales Price: $3,649,634
- Cap Rate: 5.75%
- Years Remaining: 7+
- Lot Size: 0.68 Acres
- Market: Pensacola, FL
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, Veterinary Emergency Referral Center investment property located in Pensacola, Florida. The Tenant, National Veterinary Associates, has 7+ years remaining in their initial term with 2 5-Year options to extend. The lease features annual CPI increases for one of the tenants(NVA), steadily growing NOI and hedging against inflation. The lease is a triple net with limited landlord responsibilities of roof, structure, and parking lot, making it an ideal, low-management investment opportunity for a passive investor. The lease is corporate guaranteed by National Veterinary Associates, Inc. the largest private owner of freestanding veterinary hospitals with over 1,000 locations worldwide. Antech Diagnostics, a subsidiary of VCA, leases 837 square feet on the second floor of the subject property.
Location
Veterinary Emergency Referral Center is strategically located on Davis Highway. The site benefits from superior visibility via significant street frontage and a monument sign situated along Davis Highway. It shares this busy Pensacola area with businesses like AMC, Dollar General, Popeyes, Waffle House, and Walgreens. The location benefits from the frequent street traffic of Davis Highway, which sees 18,000 vehicles daily. The 5-mile trade area is supported by a population of 157,820 and 100,800 daytime employees with an average household income of $63,382.
