CareVet - Prairie Village Pet Hospital
- Price: $600,000
- Cap Rate: 7.80%
- Years Remaining: 2
- Rentable Area: 0.46 SF
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CareVet - Prairie Village Pet Hospital
Eden Prairie, MN
Investment Highlights
- Sales Price: $600,000
- Cap Rate: 7.80%
- Years Remaining: 2
- Lot Size: 0.46 Acres
- Market: Eden Prairie, MN
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, Prairie Village Pet Hospital investment property located in Eden Prairie, Minnesota. The Tenant, CareVet, has over 2 years remaining in their initial term with 4 (four) 5-year options to extend. The lease features annual rental increases of 2%. The lease is triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 2018, CareVet is an established network of veterinary hospitals with over 100 practices across 30 states.
Location
Prairie Village Pet Hospital is strategically located on Terrey Pine Court. The site benefits from superior visibility via significant street frontage and a monument sign situated along Terrey Pine Court. It shares this busy Eden Prairie area with businesses like Walgreens, Starbucks, and Subway. The location benefits from the frequent street traffic of Eden Prairie Road, which sees 11,643 vehicles daily. The 5-mile trade area is supported by a population of 132,285 and 109,503 daytime employees with an average household income of $184,989.
