VetCor - CNY Veterinary Services of Animal Kingdom
- Price: $1,900,000
- Cap Rate: 7.11%
- Years Remaining: 4.5
- Rentable Area: 15,000 SF
Previous
Next
VetCor - CNY Veterinary Services
Clay, NY
Investment Highlights
- Sales Price: $1,900,000
- Cap Rate: 7.11%
- Years Remaining: 4.5
- Lot Size: 2 Acres
- Market: Clay, NY
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, CNY Veterinary Services at Animal Kingdom investment property located in Clay, New York. The Tenant, VetCor, has 4.5 years remaining in their initial term with 2 5-Year options to extend. The lease features annual increases of 2%. The Lease is a triple net lease with limited landlord responsibilities of Roof, foundation, structure, gutters, electrical wiring and replacement of HVAC, making it an ideal low-management investment opportunity for a passive investor. Since 1997, VetCor has built a helpful, enjoyable, community-oriented veterinary care network of 539 exceptional practices across 34 states.
Location
CNY Veterinary Services at Animal Kingdom is strategically located on Highway 31. The site benefits from superior visibility via significant street frontage and a monument sign situated along Highway 31. It shares this busy portion of Clay with national chains such as Target, Walmart, Chick-Fil-A, Dairy Queen, and Wegmans. The location benefits from the frequent street traffic of Highway 31, which sees over 10,600 vehicles daily. The 5-mile trade area is supported by a population of 89,029 and 34,726 daytime employees. The 1-mile trade area surrounding the subject property also boasts an affluent average household income of $138,419.
