CVP - Shippensburg Animal Hospital
- Price: $905,000
- Cap Rate: 8.75%
- Years Remaining: 1
- Rentable Area: 4,550 SF
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CVP - Shippensburg Animal Hospital - Shippensburg, PA
Investment Highlights
- Sales Price: $905,000
- Cap Rate: 8.75%
- Years Remaining: 1
- Lot Size: 0.87 Acres
- Market: Shippensburg, 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 NNN leased, freestanding, Shippensburg Animal Hospital investment property located in Shippensburg, PA. The Tenant, Community Veterinary Partners, has over 1 years remaining in their initial term with 2 (two) 5-year options to extend. The lease features increase per option period. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Community Veterinary Partners 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
Shippensburg Animal Hospital is strategically located on Walnut Bottom Road. The site benefits from superior visibility via significant street frontage and a pylon sign situated along Walnut Bottom Road. It shares this busy Shippensburg area with businesses like Subway, Wendys, Burger King, Taco Bell, and Dunkin’. The location benefits from the frequent street traffic of Walnut Bottom Road, which sees 12,529 vehicles daily. The 5-mile trade area is supported by a population of 28,963 and 7,207 daytime employees with an average household income of $96,330.
