VCA - Carriage Hills Animal Hospital
- Price: $442,100
- Cap Rate: 9.50%
- Years Remaining: 1.5
- Rentable Area: 4,978 SF
Previous
Next
VetCor - Austinburg Veterinary Clinic
Austinburg, OH
Investment Highlights
- Sales Price: $442,100
- Cap Rate: 9.50%
- Years Remaining: 1.5
- Lot Size: 1.26 Acres
- Market: Austinburg, OH
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 NN leased, freestanding, Austinburg Veterinary Clinic investment property located in Austinburg, OH. The Tenant, VetCor, has over one and a half years remaining in their initial term with 3 (5-year) options to extend. The lease features annual rental increases of 2%. The lease is a double net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. VetCor was founded in 1997 with the goal of creating a community-oriented veterinary care network and now has over 500 locations nationwide
Location
Austinburg Veterinary Clinic is strategically located on Center Road. The site benefits from superior visibility via significant street frontage and a monument sign situated along Center Rd. It shares this area of Austinburg with national tenants just up Center Road like Dunkin’, Family Dollar, Waffle House, and McDonald’s. The location benefits from the frequent street traffic of Center Road, which sees over 4,000 vehicles daily. The 5-mile trade area is supported by a population of 11,685 and 5,720 daytime employees with an average household income of $71,998.