Heartland Veterinary Partners
Eastern Animal Hospital
Baltimore, MD
Eastern Animal Hospital
- Price: $8,441,379
- Years Remaining: 8
- Rentable Area: 16,433 SF
Investment Highlights
- Sales Price: $8,441,379
- Years Remaining: 8
- Lot Size: 1.79 Acres
- Market: Baltimore, MD
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, Eastern Animal Hospital investment property located in Baltimore, Maryland. The Tenant, Heartland Veterinary Partners, has over 8 years remaining in their initial term with 2 (5 years) 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. Heartland Veterinary Partners is a veterinary management company that aims to support veterinary practices and their owners. The company was founded in 2017 and is headquartered in Chicago, Illinois, with offices in various locations across the United States.
Location
Eastern Animal Hospital is strategically located on Eastern Avenue. The site benefits from superior visibility via significant street frontage and a large monument sign situated along Eastern Avenue and property has a large facade sign. It shares this busy Baltimore area with businesses like Home Depot, Dunkin’, Wawa and Subway. The location benefits from the frequent street traffic of Eastern Avenue, which sees 21,656 vehicles daily. The 5-mile trade area is supported by a population of 366,049 and 205,726 daytime employees with an average household income of $100,299.
