2172 NW Station Pky - Veterinarian/Kennel FOR SALE


Andover, MN 55304
$1,850,000 USD
323-609-4405
2172 NW Station Pky, Andover, MN for Sale
$1,850,000 USD
Veterinarian/Kennel - FOR SALE
1/3
null | 6.59% Cap Rate

2172 NW Station Pky
Andover, MN 55304


HIGHLIGHTS

  • OVER 4 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF STATION PARKWAY NW | 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 Triple-Net (NNN) leased, freestanding, VCA PineRidge Animal Hospital investment property located in Andover, Minnesota. The Tenant, VCA “Veterinary Centers of America”, has over 4 years remaining in their extended term with 1 (one) 5-year options to extend. The lease features annual increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1986, VCA is a family of animal hospitals dedicated to creating a positive impact for pets, people, and communities. They prioritize the well-being of every pet, extending their care beyond the hospitals they operate. Each hospital takes pride in its history of excellence and its close ties to local communities. In 2017, VCA became part of the Mars family, joining forces to shape the future of veterinary care. VCA PineRidge Animal Hospital is strategically located on Station Parkway NW. The site benefits from superior visibility via significant street frontage and a monument sign situated along Station Parkway NW. It shares this busy Andover area with businesses like Target, Dominos and Starbucks. The location benefits from the frequent street traffic of Station Parkway NW., which sees 2,070 vehicles daily. The 5-mile trade area is supported by a population of 161,007 and 40,087 daytime employees with an average household income of $122,459.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$231 USD /SF

CAP RATE

6.59%

% 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

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,789 SF

ZONING

-

APN/PARCEL ID

34-32-24-31-0029

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.