NVA - Veterinary Care Group
- Price: $1,364,480
- Cap Rate: 6.25%
- Years Remaining: 7
- Rentable Area: 2,132 SF
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NVA - Veterinary Care Group
Middle Village, NY
Investment Highlights
- Sales Price: $1,364,480
- Cap Rate: 6.25%
- Years Remaining: 7
- Market: Middle Village, NY
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 Care Group investment property located in Middle Village, New York. The Tenant, National Veterinary Associates, has over 7 years remaining in their initial term with One 5-Year option to extend. The lease is a triple net lease with minimal landlord responsibilities consisting of roof and walls, making it an ideal, low-management investment opportunity for a passive investor. National Veterinary Associates, Inc is the largest private owner of freestanding veterinary hospitals with over 1,400 locations worldwide.
Location
Veterinary Care Group of Middle Village is strategically located on Fresh Pond Road. The site benefits from superior visibility via significant street frontage. It shares this busy Middle Village area with businesses like CVS, Pep Boys, 7-Eleven, and Wendy’s. The location benefits from the frequent street traffic of Fresh Pond Road, which sees 12,773 vehicles daily. The 5-mile trade area is supported by a population of 3,157,404 and 1,313,501 daytime employees with an affluent average household income of $108,012.
