CVP - River Run Animal Hospital
- Price: $861,000
- Cap Rate: 7.50%
- Years Remaining: 7
- Rentable Area: 2,600 SF
Community Veterinary Partners
River Run Animal Hospital
Powhatan, VA
Investment Highlights
- Sales Price: $861,000
- Cap Rate: 7.50%
- Years Remaining: 7
- Lot Size: 5 Acres
- Market: Powhatan, VA
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, River Run Animal Hospital investment property located in Powhatan, Virginia. The Tenant, Community Veterinary Partners, has over 7 years remaining in their initial term with 3 (three) 5-year options to extend. The lease features annual increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Today, CVP has a collective of over 3,000 unique veterinary care providers dedicated to bringing joy to families through their unwavering care for beloved pets.
Location
River Run Animal Hospital is strategically located on Anderson Highway. The site benefits from superior visibility via significant street frontage and a monument sign situated along Anderson Highway. It shares this busy Powhatan area with businesses like Target, Starbucks, Marshalls and Chick-Fil-A. The location benefits from the frequent street traffic of Anderson Highway, which sees 35,795 vehicles daily. The 5-mile trade area is supported by a population of 38,831 and 9,849 daytime employees with an average household income of $191,370.
