498 22nd Pl - Veterinarian/Kennel FOR SALE


Vero Beach, FL 32960
$1,935,000 USD
323-609-4405
498 22nd Pl, Vero Beach, FL for Sale
$1,935,000 USD
Veterinarian/Kennel - FOR SALE
1/4
null | 7.75% Cap Rate

498 22nd Pl
Vero Beach, FL 32960


HIGHLIGHTS

  • MORE THAN 4.5 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF 22ND PLACE | 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, Vero Beach Veterinary Hospital investment property located in Vero Beach, Florida. The Tenant, National Veterinary Associates, has over 4.5 years remaining in their initial term with 2 (two) 5-year options to extend. The lease features annual rental increases determined by CPI. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. NVA (National Veterinary Associates) is a nationally recognized brand and operates more than 1,500 animal hospitals worldwide. Vero Beach Veterinary Hospital is strategically located on 22nd Place. The site benefits from superior visibility via significant street frontage and a large pylon sign situated along 22nd Place. It shares this busy Vero Beach area with businesses like The Fresh Market, Panera, Bank of America, and UPS. The location benefits from the frequent street traffic of 21st Street, which sees 8,038 vehicles daily. The 5-mile trade area is supported by a population of 86,591 and 50,441 daytime employees with an average household income of $119,767.

FOR SALE DETAILS

PRICE

$1,935,000 USD

PRICE/SF

$499 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vero Beach Veterinary Hospital |NNN| 4.5 Yrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,750 SF

ZONING

C-1B

APN/PARCEL ID

33-39-01-00019-0000-00037.0

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.