VCA PineRidge Animal Hospital
Andover, MN
VCA PineRidge Animal Hospital
2172 Station Parkway NW, Andover, MN 55304
- Price: $1,850,000
- Cap Rate: 6.58%
- Years Remaining: 4
- Rentable Area: 8,023 SF
Investment Highlights
- Sales Price: $1,850,000
- Cap Rate:6.58%
- Years Remaining: 4
- Lot Size: 2.52 Acres
- Market: Minneapolis, Minnesota
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 Triple-Net (NNN) leased, freestanding, VCA PineRidge Animal Hospital investment property located in Andover, Minnesota. The Tenant, VCA “Veterinary Centers of America”, has over 4 years remaining in their extended term with 1 (one) 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. Each hospital takes pride in its history of excellence and its close ties to local communities. In 2017, VCA became part of the Mars family, joining forces to shape the future of veterinary care.
Location
VCA PineRidge Animal Hospital is strategically located on Station Parkway NW. The site benefits from superior visibility via significant street frontage and a monument sign situated along Station Parkway NW. It shares this busy Andover area with businesses like Target, Dominos and Starbucks. The location benefits from the frequent street traffic of Station Parkway NW., which sees 2,070 vehicles daily. The 5-mile trade area is supported by a population of 161,007 and 40,087 daytime employees with an average household income of $122,459.
