Westside Veterinary Service
- Price: $943,000
- Cap Rate: 6.75%
- Years Remaining: 11
- Rentable Area: 4,900 SF
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Encore - Westside Veterinary Service
Murray, KY
Investment Highlights
- Sales Price: $943,000
- Cap Rate: 6.75%
- Years Remaining: 11
- Lot Size: 1.48 Acres1.64
- Market: Murray, KY
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, Westside Veterinary Service investment property located in Murray, Kentucky. The Tenant, Encore Vet Group, has over 11 years remaining in their term with 1 (one) 5-year option to extend. The lease features annual rental increases of 2%. The lease is triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Encore is a veterinary-led organization, founded by a DVM, led by a DVM and is a fast-growing, national tenant with 68 locations.
Location
Westside Veterinary Service is strategically located on Robertson Road S. The site benefits from superior visibility via significant street frontage and a monument sign situated along Robertson Road S. It shares this busy Murray area with businesses like Walgreens, Starbucks, Chick-fil-a and Dollar General. The location benefits from the frequent street traffic of Robertson Road S, which sees 2,903 vehicles daily. The 5-mile trade area is supported by a population of 23,460 and 12,030 daytime employees and within 1-mile the average household income is $141,608.
