VBF - Hillmount Animal Hospital
Carlisle, PA
Vet's Best Friend - Hillmount Animal Hospital
Carlisle, PA
- Price: $858,000
- Cap Rate: 6.25%
- Years Remaining: 11
- Rentable Area: 3,621 SF
Investment Highlights
- Sales Price: $858,000
- Cap Rate: 6.25%
- Years Remaining: 11
- Lot Size: 1.15 Acres
- Market: Carlisle, Pennsylvania
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 an NNN leased, freestanding, Hillmount Animal Hospital investment property located in Carlisle, Pennsylvania. The Tenant, Vet’s Best Friend Pennsylvania, LLC, has over 11 years remaining in their initial term with 2 (5-Year) options to extend. The lease features annual rental increases of 2%. The lease is a absolute triple net with zero landlord responsibilities, making it an ideal, no-management investment opportunity for a passive investor. Vet’s Best Friend started in 2019 with a mission to partner with veterinary hospitals without forcing them to change the culture that has been so essential to their operations.
Location
Hillmount Animal Hospital is strategically located on Westminster Drive, which is directly off of Interstate 81 and York Road. Interstate 81 sees an average of over 38,000 daily vehicles northbound and over 31,000 southbound. York Road sees a daily average of over 17,000. Westminster Drive’s average is just under 900 daily vehicles. Hillmount Animal Hospital is less than 3 miles from Downtown Carlisle, which has extensive shopping options like Walmart Superstore, Giant Food, and Aldi. The site benefits from superior visibility via significant street frontage. The 5-mile trade area is supported by a population of 53,501 and 26,768 daily employees with an average household income of $83,439.
