RareBreed - Sherman Hills Veterinary Hospital
- Price: $841,500
- Cap Rate: 7.25%
- Years Remaining: 10.5
- Rentable Area: 2,563 SF
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RareBreed - Sherman Hills Vet Hospital
Woodbury, CT
Investment Highlights
- Sales Price: $841,500
- Cap Rate: 7.25%
- Years Remaining: 10.5
- Lot Size: 1.05 Acres
- Market: Woodbury, Connecticut
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, Sherman Hills Veterinary Hospital investment property located in Woodbury, CT. The Tenant, has 10 and a half years remaining in their initial term with two (5-year) options to extend. The lease features annual rental increases of 2%. The lease is a triple net with limited landlord responsibilities of insurance, making it an ideal, minimal-management investment opportunity for a passive investor. Rarebreed was founded in 2018 in Portland, Maine with a goal to reimagine the veterinary experience. With Rarebreed’s acquisition of Vet’s Best Friend in the middle of 2022, they added 41 locations to their already impressive portfolio of veterinary clinics.
Location
Sherman Hills Veterinary Hospital is strategically located on Sherman Hill Road. The site benefits from superior visibility via significant street frontage and a monument situated along Sherman Hill Road. It shares this Woodbury area with businesses like ACE, Dollar General, Mobil, and TD Bank. The location benefits from the frequent street traffic of Sherman Hill Road, which sees 6,741 vehicles daily. The 5-mile trade area is supported by a population of 34,890 and 17,605 daytime employees. Residents within 1 miles of the subject property boast an affluent average household income of $152,708.
