Vetcor - Pittsburgh Spay & Vaccination Clinic
110 Sandy Creek Rd, Verona, PA 15147
- Price: $843,048
- Cap Rate: 8.75%
- Years Remaining: 1
- Rentable Area: 4,216 SF
Vetcor - Pittsburgh Spay & Vaccination Clinic - Verona, PA
Investment Highlights
- Sales Price: $843,048
- Cap Rate: 8.75%
- Years Remaining: 1
- Lot Size: 0.91 Acres
- Market: Pittsburgh, Pennsylvania
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 NN leased, freestanding, Pittsburgh Spay & Vaccination Clinic investment property located in Verona, Pennsylvania. The Tenant, VetCor, has over 1 year remaining in their initial term with 3 (three) 5-year options to extend. The lease features annual rental increases of 2%. The lease is a double net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Established in 1997, Vetcor has constructed a community-centric veterinary services company that supports over 845 practices across the United States and Canada.
Location
Pittsburgh Spay & Vaccination Clinic is strategically located on Sandy Creek Road in Verona, which sits directly alongside neighboring Oakmont. The two boroughs are often regarded as “twin” communities. Oakmont is widely recognized as one of the area’s more upscale communities and is home to the renowned Oakmont Country Club, which has hosted the U.S. Open more times than any other course. The site benefits from superior visibility via significant street frontage and a pylon sign along Sandy Creek Road, and it shares this busy corridor with businesses such as McDonald’s, Dairy Queen, O’Reilly Auto Parts, CVS Pharmacy and Dollar General. Sandy Creek Road carries 13,793 vehicles daily, providing steady exposure. The 5-mile trade area is supported by a population of 206,100 and 99,484 daytime employees, with an average household income of $119,077.
