TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, South Towne Veterinary Hospital investment property located in Rochester, NY. The Tenant, Community Veterinary Partners, has over 2 years remaining in their initial term with two 5-year options to extend. CVP invested in a remodel in 2020 demonstrating their commitment to this location. The lease features annual rental increases of 1%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Today, Community Veterinary Partners has a collective of over 3,000 unique veterinary care providers dedicated to bringing joy to families through their unwavering care for beloved pets. The mission of this collective is to spread happiness among families by offering the highest quality care to their cherished pets.
South Towne Veterinary Hospital is strategically located on W Henrietta Road. The site benefits from superior visibility via significant street frontage and a (Sign monument sigh situated along W Henrietta Road. It shares this busy Rochester area with businesses like Lowe’s, Dunkin’, Target and Starbucks. The location benefits from the frequent street traffic of W Henrietta Road, which sees 21,503 vehicles daily. The 5-mile trade area is supported by a population of 108,384 and 75,352 daytime employees with an average household income of $102,776.