OFFERING SUMMARY
Price: $953,260
Cap Rate: 7.75%
NOI: $73,878
Gross Leasable Area: 3,386 SF
OFFERING HIGHLIGHTS
- Best In Class Tenant – Corporate guarantee by CareVet, a veterinary practice management group with over 100 animal hospitals in more than 30 states.
- Established, Long-Term Practice – This location has been a veterinary clinic for over 20 years, allowing them to develop a deep relationship with the community.
- Strong Population – With 100,000+ residents and 41,000+ households within 5 miles, there is an ample customer base for the tenant.
- High-Income Area – The 1-mile average household income is ±$131,000. The 3 & 5-mile average household income both exceed $120,000.
- Inflation-Protected Lease – Attractive 2.8% annual rental increases are built in throughout the base term, and 8% rental increases at the beginning of each option period.
