EverVet - Roosevelt Veterinary Center
- Price: $1,213,793
- Cap Rate: 7.25%
- Years Remaining: 10
- Rentable Area: 6,144 SF
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EverVet - Roosevelt Veterinary Center Brewster, New York
Investment Highlights
- Sales Price: $1,213,793
- Cap Rate:7.25%
- Years Remaining: 10
- Lot Size: 1.82 Acres
- Market: Brewster, New York
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, Roosevelt Veterinary Center, investment property located in Brewster, New York. The Tenant, EverVet, has a brand new 10 year lease with two (2) 5-year options to extend. The lease features annual rental 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. EverVet occupies a unique space in the veterinary acquisition market due to their signature “for vets by vets” and entrepreneur-guided ownership model, flexible approach to practice management that prioritizes autonomous clinical care, and commitment to creating exceptional experiences for pets and pet parents.
Location
Roosevelt Veterinary Center is strategically located on Route 22. The site benefits from superior visibility via significant street frontage and a monument sign situated along Route 22. It shares this busy Brewster, New York area with businesses like Dunkin’, McDonald’s, and Rite Aid. The location benefits from the frequent street traffic of Route 22, which sees 15,912 vehicles daily. The 5-mile trade area is supported by a population of 49,221 and 19,397 daytime employees with an average household income of $156,520.
