NVA - Veterinary Care Group
Whitestone, NY
NVA - Veterinary Care Group
- Price: $1,653,120
- Cap Rate: 6.25%
- Years Remaining: 7
- Rentable Area: 2,945 SF
Investment Highlights
- Sales Price: $1,653,120
- Cap Rate: 6.25%
- Years Remaining: 7
- Market: Whitestone, 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, VCG Whitestone investment property located in Whitestone, New York. The Tenant, National Veterinary Associates, has over 7 years remaining in their initial term with one 5-Year option to extend. The lease features periodic increases in years 2, 3, and 4. The lease is a triple net lease with minimal landlord responsibilities consisting of roof and walls, making it an ideal, low-management investment opportunity for a passive investor. National Veterinary Associates, Inc is the largest private owner of freestanding veterinary hospitals with over 1,400 locations worldwide. The subject property contains a one and a half beds, one-bath apartment on the second floor to provide additional income.
Location
Veterinary Care Group Whitestone is strategically located on 14th Avenue. The site benefits from superior visibility via significant street frontage. It shares this busy Whitestone area with businesses like Capital One, Chase Bank, CVS, Dunkin’, & McDonalds. The location benefits from the frequent street traffic of 14th Avenue, which sees 5,230 vehicles daily. The 5-mile trade area is supported by a population of 1,347,868 and 298,315 daytime employees. Residents within a 1-mile trade area from the subject property boast an affluent average household income of $105,684.
