VCA Portsmouth Animal Hospital
- Price: $897,066
- Cap Rate: 8.00%
- Years Remaining: 3
- Rentable Area: 3,969 SF
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VCA Portsmouth Animal Hospital - Portsmouth, VA
Investment Highlights
- Sales Price: $897,066
- Cap Rate:8.00%
- Years Remaining: 3
- Lot Size: 0.24 Acres
- Market: Norfolk, Virginia
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 Portsmouth Animal Hospital investment property located in Portsmouth, Virginia. The Tenant, VCA, has over 3 years remaining in their initial term with 2 (two) 5-year options to extend. The lease features annual increases of 2%. 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 Portsmouth Animal Hospital is strategically located on Airline Boulevard. The site benefits from superior visibility via significant street frontage and a monument sign situated along Airline Boulevard. It shares this busy Portsmouth area with businesses like McDonald’s, Pizza Hut, 7-11, Taco Bell, and Wendy’s. The location benefits from the frequent street traffic of Airline Boulevard, which sees 9,599 vehicles daily. The 5-mile trade area is supported by a population of 173,387 and 82,074 daytime employees with an average household income of $99,727.
