Single-Tenant Office Medical
VCA ANIMAL HOSPITALS
3710 E Racine St, Janesville, WI 53546
Listing Price: $2,240,000
Cap Rate
7.00%
Tenant Name
VCA ANIMAL HOSPITALS
Years Remaining On Lease
5.2
Gross SF
4,700
Guarantor
Corporate Guarantee
Rentable SF
4,700
Price/Gross SF
$476.60
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.36
Investment Overview
LOCATED ALONG E RACINE ST (11,768+ VPD) OVER 64,000 RESIDENTS WITHIN FIVE MILES AVERAGE HOUSEHOLD INCOME OF $73,804 WITHIN FIVE MILES
VCA ANIMAL HOSPITALS
Investment Highlights
- CORPORATE GUARANTEE - VCA ANIMAL HOSPITALS, INC. (OVER 1,000 VET CLINICS)
- JUST OVER FIVE YEARS REMAIN - 2% ANNUAL RENT INCREASES
- TWO –FIVE YEAR OPTIONS (WITH 2% ANNUAL RENT INCREASES)
- TRIPLE-NET LEASE (TENANT RESPONSIBLE FOR, REAL ESTATE TAXES, INSURANCE, CAM, ROOF, STRUCTURE, HVAC & PARKING LOT
- BUILD-TO-SUIT VET CLINC IN 2013
- JUST EAST OF SSM HEALTH ST. MARY'S HOSPITAL
Listing Price: $2,240,000
Cap Rate
7.00%
Tenant Name
VCA ANIMAL HOSPITALS
Years Remaining On Lease
5.2
Gross SF
4,700
Guarantor
Corporate Guarantee
Rentable SF
4,700
Price/Gross SF
$476.60
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.36
Investment Highlights
- CORPORATE GUARANTEE - VCA ANIMAL HOSPITALS, INC. (OVER 1,000 VET CLINICS)
- JUST OVER FIVE YEARS REMAIN - 2% ANNUAL RENT INCREASES
- TWO –FIVE YEAR OPTIONS (WITH 2% ANNUAL RENT INCREASES)
- TRIPLE-NET LEASE (TENANT RESPONSIBLE FOR, REAL ESTATE TAXES, INSURANCE, CAM, ROOF, STRUCTURE, HVAC & PARKING LOT
- BUILD-TO-SUIT VET CLINC IN 2013
- JUST EAST OF SSM HEALTH ST. MARY'S HOSPITAL
Investment Overview
LOCATED ALONG E RACINE ST (11,768+ VPD) OVER 64,000 RESIDENTS WITHIN FIVE MILES AVERAGE HOUSEHOLD INCOME OF $73,804 WITHIN FIVE MILES
