UVC - New Hope Vet Hospital
- Price: $1,595,773
- Cap Rate: 7.00%
- Years Remaining: 10
- Rentable Area: 4,250 SF
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UVC - New Hope Veterinary Hospital
New Hope, PA
Investment Highlights
- Sales Price: $1,595,773
- Cap Rate: 7.00%
- Years Remaining: 10
- Lot Size: 0.37 Acres
- Market: New Hope, 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 NN leased, freestanding, New Hope Veterinary Hospital investment property located in New Hope, PA. The Tenant, United Veterinary Care, has 10 years remaining in their term with 2 5-year options to extend. The lease features annual rental increases between 2 and 5%. The lease is a double net with limited landlord responsibilities of roof, structure, and exterior, making it a low-management investment opportunity. United Veterinary Care was founded in 2019 with a mission to take care of the people who take care of animals and now have 103 locations in 22 states.
Location
New Hope Veterinary Hospital is strategically located on Sugan Road. The site benefits from superior visibility via significant street frontage and a monument sign, situated along Sugan Road. It shares this busy New Hope area with businesses like CVS, Giant, Wawa, and Wells Fargo. The location benefits from the street traffic of Sugan Road, which sees 2,590 vehicles daily. The 10-mile trade area is supported by a population of 143,044 and 61,627 daytime employees. Residents within a 5-mile radius of the subject property boast an affluent average household income of $197,910.
