NVA - Pet Vet Roanoke
Roanoke, VA

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NVA - Pet Vet Roanoke

Investment Highlights

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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, Pet Vet – Roanoke investment property located in Roanoke, Virginia. The Tenant,  NVA, has 7 and a half years remaining in their initial term with 2 5-year options to extend. The lease features annual rental increases of 2.5%. The lease is a triple net with limited landlord responsibilities of roof, structure, and exterior, making it an ideal, low-management investment opportunity for a passive investor. National Veterinary Associated, Inc is the largest private owner of freestanding veterinary hospitals with over 1,000 locations worldwide.

Location

Pet Vet – Roanoke is strategically located on Electric Road. The site benefits from superior visibility via significant street frontage and a monument sign. It shares this busy Roanoke area with national tenants like Dunkin’, Kroger, McDonalds, Starbucks, and Walgreens. The location benefits from the frequent street traffic of Electric Road, which sees over 22,500 vehicles daily. The 5-mile trade area is supported by a population of 115,121 and 61,043 daytime employees with an average household income of $81,485.

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