Thrive - Four Paws Animal Clinic
Columbia, SC
Thrive - Four Paws Animal Clinic
- Price: $1,695,000
- Cap Rate: 6.50%
- Years Remaining: 5.5
- Rentable Area: 4,944 SF
Investment Highlights
- Sales Price: $1,695,000
- Cap Rate: 6.50%
- Years Remaining: 5.5
- Lot Size: 0.3 Acres
- Market: Columbia, South Carolina
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, Four Paws Animal Clinic investment property located in Columbia, SC. The Tenant, Thrive Pet Healthcare, has over 6 years remaining in their initial term with 4 (5-Year) options to extend. The lease features annual rental increases of 2%. The lease is a double net with limited landlord responsibilities of roof, structure, and grounds, making it an ideal, low-management investment opportunity for a passive investor. Thrive has more than 400 locations nationwide and aims to revolutionize veterinary care for pets and the people who love them through the world’s most trusted, innovative, and connected pet healthcare network.
Location
Four Paws Animal Clinic is strategically located on Monckton Boulevard. The site benefits from superior visibility via significant street frontage and a large, wall-mounted sign situated along Trenholm Road. It shares this busy Columbia area with businesses like Cava, Five Guys, Publix, and Walgreens. The location benefits
from the frequent street traffic of Trenholm Road, which sees 19,241 vehicles daily. The 5-mile trade area is supported by a population of 165,993 and 110,615
daytime employees. Houses within 1-mile of the subject property boast an affluent average household income of $125,370.
