VBF - Township Line Animal Hospital
- Price: $714,285
- Cap Rate: 7.00%
- Years Remaining: 11
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VBF - Township Line Animal Hospital
Upper Darby, PA
Investment Highlights
- Sales Price: $714,285
- Cap Rate: 7.00%
- Years Remaining: 11
- Market: Upper Darby, 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 an NNN leased, freestanding, Township Line Animal Hospital investment property located in Upper Darby, Pennsylvania. The Tenant, Vet’s Best Friend, has over 11 years remaining in their initial term with 2 (5-Year) options to extend. The lease features annual rental increases of 2%. The lease is a absolute triple net with zero landlord responsibilities, making it an ideal, no-management investment opportunity for a passive investor. Vet’s Best Friend started in 2019 with a mission to partner with veterinary hospitals without forcing them to change the culture that has been so essential to their operations.
Location
Township Line Animal Hospital is strategically located on Landsdowne Avenue next to where US Highway 1 and Pennsylvania Route 3 intersect. The site benefits from superior visibility via significant street frontage and a large pylon sign situated along Landsdowne Avenue. It shares this busy Upper Darby intersection with businesses like Giant, Lowe’s, Kohl’s, Panera Bread, and Dunkin’. The location benefits from the frequent street traffic of Landsdowne, which sees 20,700 vehicles daily. The 5-mile trade area is supported by a population of 586,869 and 162,253 daytime employees with an affluent average household income of $92,565.
