VCA - Briarcliff Animal Hospital
- Price: $7,007,793
- Cap Rate: 6.75%
- Years Remaining: 4
- Rentable Area: 9,626 SF
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VCA - Briarcliff Animal Hospital - Atlanta, GA
Investment Highlights
- Sales Price: $7,007,793
- Cap Rate: 6.75%
- Years Remaining: 4
- Lot Size: 1.72 Acres
- Market: Atlanta, Georgia
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, VCA Briarcliff Animal Hospital investment property located in Atlanta, Georgia. The Tenant, VCA, has over 4 years remaining in their extended term with 1 (one) 5-year option to extend. The lease features CPI increases at the start of each option period. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1986, VCA is a family of animal hospitals dedicated to creating a positive impact for pets, people, and communities. They prioritize the well-being of every pet, extending their care beyond the hospitals they operate.
Location
VCA Briarcliff Animal Hospital is strategically located on Johnson Road NE. The site benefits from superior visibility via significant street frontage, a large pylon sign situated along Briarcliff Road NE and a facade sign along Johnson Road NE. It shares this busy Atlanta area with businesses like Kroger, United States Postal Service, Sherwin Williams and Extra Space Storage. The location benefits from the frequent street traffic of the intersection of Briarcliff Road NE, Johnson Road NE and Zonolite Road NE, which sees over 28,000 vehicles daily. The 5-mile trade area is supported by a population of 442,166 and 425,591 daytime employees with an average household income of $173,845.
