1819 Zion Rd - Veterinarian/Kennel FOR SALE


Bellefonte, PA 16823
$765,625 USD
323-609-4405
1819 Zion Rd, Bellefonte, PA for Sale
$765,625 USD
Veterinarian/Kennel - FOR SALE
1/2
null | 8.03% Cap Rate

1819 Zion Rd
Bellefonte, PA 16823


HIGHLIGHTS

  • MORE THAN 4 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF ZION ROAD | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • LIMITED LANDLORD RESPONSIBILITIES | LOW-MANAGEMENT

OVERVIEW

TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Straley Veterinary Clinic investment property located in Bellefonte, Pennsylvania. The Tenant, CareVet, has over 4 years remaining in their extended term with 2 (two) 5-year options to extend. The lease features increases for each option period. 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. Straley Veterinary Clinic is strategically located on Zion Road. The site benefits from superior visibility via significant street frontage and a monument sign situated along Zion Road. It shares this busy Bellefonte area with businesses like Starbucks, Wendy’s, and Burger King. The location benefits from the frequent street traffic of Zion Road, which sees 3,985 vehicles daily. The 5-mile trade area is supported by a population of 24,062 and 7,523 daytime employees with an average household income of $99,801.

FOR SALE DETAILS

PRICE

$765,625 USD

PRICE/SF

$142 USD /SF

CAP RATE

8.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Straley Veterinary Clinic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,063 SF

ZONING

-

APN/PARCEL ID

13-004-110-0000

ASK ABOUT THIS PROPERTY

Brian WineTWGREMore Info
323-609-4405

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Brian WineTWGREMore Info
323-609-4405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.