VCA - Merrimac Animal Hospital
- Price: $2,987,012
- Cap Rate: 7.70%
- Years Remaining: 5
- Rentable Area: 10,799 SF
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VCA - Merrimac Animal Hospital
Williamsburg, VA
Investment Highlights
- Sales Price: $2,987,012
- Cap Rate: 7.70%
- Years Remaining: 5
- Lot Size: 3.43 Acres
- Market: Williamsburg, Virginia
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased VCA Merrimac Animal Hospital investment property located in Williamsburg, VA. The tenant, VCA Animal Hospitals, Inc., executed a 5-year lease extension in April 2024, providing roughly 5 years of firm term remaining and demonstrating their commitment to the site. The lease is NN with minimal landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. With a network of over 1,000 animal hospitals, VCA offers a wide range of services to meet the diverse needs of pets and has established itself as a trusted name in the animal healthcare industry.
Location
The subject property is strategically located near the signalized, hard corner intersection of Penniman Road and Merriman Trail, averaging a combined 12,500 vehicles passing by daily. The asset benefits from nearby direct on/off ramp access to State Highway 199 (31,000 vehicles per day), a thoroughfare that connects directly with Interstate 64 (85,000 vehicles per day), a major east/west commuter highway traveling through Virginia. The building is equipped with a large monument sign, creating excellent visibility along Penniman Road, while also complete with an enclosed outdoor area for the tenant’s pet boarding service. Additionally, the sire is ideally situated near Quarterpath Park, Bassat Trace Natural Trail, and Redoubt Park, popular scenic attractions with large grass areas perfect for pet owners to walk/run their dogs. Moreover, VCA Merriman Animal Hospital is just 2 miles northwest of The Marquis Shopping Mall, a power center anchored by Target, Dick’s Sporting Goods, and Best Buy. The 5-mile trade area is supported by more than 52,000 residents and 43,000 daytime employees with an affluent average household income of $110,470.
