VCA Bayonet Point Animal Hospital Port Richey, FL

VCA

VCA Bayonet Point Animal Hospital

Investment Highlights

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Description

The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, freestanding, VCA Bayonet Point Animal Hospital investment property located in Port Richey, Florida. The tenant has more than 5 years remaining on their 10-year lease extension with 1 (5-year) option to extend. The lease features rare 3% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The subject property recently underwent significant renovations including roof replacement, new exterior pain, and HVAC repairs. The lease is corporate guaranteed and is NNN with landlord responsibilities limited to liability insurance, HVAC replacement, electrical, and roof/structure repairs, making it an ideal, low-management investment opportunity for a passive investor. Headquartered in Los Angeles, California, VCA Animal Hospitals have 6,000+ compassionate veterinarians, more than 600 board-certified specialists, and 1,000+ animal hospitals across 46 states and 5 Canadian provinces.

Location

VCA Bayonet Point Animal Hospital is located off State Road 52 and near US Highway 19, a primary retail and commuter thoroughfare serving the immediate trade area. US Highway 19 averages more than 57,000 vehicles passing by daily. The property offers ample parking of over 6 spaces per 1,000 SF with multiple points of access. Bayonet Point of Port Richey has more than 10,000 households, providing a direct consumer base from which to choose from. The 5-mile trade area is supported by more than 103,000 residents and 29,000 employees with an average household income of $53,938.

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