CareVet - Jones Animal Health Clinic
Crystal City, MO
CareVet - Jones Animal Health Clinic
- Price: $1,629,000
- Cap Rate: 8.21%
- Years Remaining: 6
- Rentable Area: 6,000 SF
Investment Highlights
- Sales Price: $1,629,000
- Cap Rate: 8.21%
- Years Remaining: 6
- Lot Size: 1.04 Acres
- Market: Crystal City, MO
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, Jones Animal Health Clinic investment property located in Crystal City, Missouri. The Tenant, CareVet, has over 6 years remaining in their initial term with four 5-year options to extend. The lease features annual rental 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 2018, CareVet is an established network of veterinary hospitals with over 100 practices across 30 states. CareVet recently announced that they are investing $75 million in its facilities in the next five years.
Location
Jones Animal Health Clinic is strategically located on N Truman Boulevard. The site benefits from superior visibility via significant street frontage and a monument sign situated along N Truman Boulevard. It shares the Crystal City area with businesses like Dollar Tree, Marathon and Casey’s. The location benefits from the frequent street traffic of N Truman Boulevard, which sees 12,886 vehicles daily. The 5-mile trade area is supported by a population of 35,671 and 11,685 daytime employees with an average household income of $94,385.
