20492 NC 73 Hwy - Veterinarian/Kennel FOR SALE


Albemarle, NC 28001
$1,639,087 USD
323-609-4405
20492 NC 73 Hwy, Albemarle, NC for Sale
$1,639,087 USD
Veterinarian/Kennel - FOR SALE
1/3
null | 8% Cap Rate

20492 NC 73 Hwy
Albemarle, NC 28001


HIGHLIGHTS

  • 6 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF NC HIGHWAY 73 | 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, Bear Creek Veterinary Hospital, investment property located in Albemarle, North Carolina. The Tenant, EverVet Partners, has 7.25 years remaining in their initial term with 2 (two) 5-year options to extend. The lease features annual rental increases of 3%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. EverVet Partners is run for vets by vets, guided by healthcare professionals with deep experience developing successful practice support organizations in partnership with veterinarians. Bear Creek Veterinary Hospital is strategically located on NC Highway 73. The site benefits from superior visibility via significant street frontage and a pylon sign situated along NC Highway 73. It shares this busy Albemarle area with businesses like Dollar General, Walgreens, and Marathon. The location benefits from the frequent street traffic of NC Highway 73, which sees 6,216 vehicles daily. The 5-mile trade area is supported by a population of 6,981 and 540 daytime employees with an average household income of $92,943.

FOR SALE DETAILS

PRICE

$1,639,087 USD

PRICE/SF

$247 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.4 AC

LAND SF

278,784 SF

ZONING

GB

APN/PARCEL ID

6509-01-47-3007

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 Policy.