Single-Tenant Office Medical
CareVet Animal Hospital
632 New Haven Ave, Milford, CT 06460
Listing Price: $923,475
Investment Overview
Marcus & Millichap is pleased to offer for sale a veterinary hospital located at 623 New Haven Avenue in Milford, CT. This tenant has been at this location for over twenty years and has established a strong customer base in the area. There is a corporate guarantee from CareVet, a veterinary practice management group with over 100 animal hospitals in more than 30 states. The average household income within one mile was around $131,000 in 2022. There are annual rental increases and additional increases at the beginning of each option period.
CareVet Animal Hospital
Investment Highlights
- Best In Class Tenant - Corporate guarantee by CareVet, a veterinary practice management group with over 100 animal hospitals in more than 30 states.
- Established, Long-Term Practice - This location has been a veterinary clinic for over 20 years, allowing them to develop a deep relationship with the community.
- Strong Population - With 100,000+ residents and 41,000+ households within 5 miles, there is an ample customer base for the tenant.
- High-Income Area - The 1-mile average household income is ±$131,000. The 3 & 5-mile average household income both exceed $120,000.
- Inflation-Protected Lease - Attractive 2.8% annual rental increases are built in throughout the base term, and 8% rental increases at the beginning of each option period.
Exclusively Listed By
Financing By
Listing Price: $923,475
Investment Highlights
- Best In Class Tenant - Corporate guarantee by CareVet, a veterinary practice management group with over 100 animal hospitals in more than 30 states.
- Established, Long-Term Practice - This location has been a veterinary clinic for over 20 years, allowing them to develop a deep relationship with the community.
- Strong Population - With 100,000+ residents and 41,000+ households within 5 miles, there is an ample customer base for the tenant.
- High-Income Area - The 1-mile average household income is ±$131,000. The 3 & 5-mile average household income both exceed $120,000.
- Inflation-Protected Lease - Attractive 2.8% annual rental increases are built in throughout the base term, and 8% rental increases at the beginning of each option period.
Investment Overview
Marcus & Millichap is pleased to offer for sale a veterinary hospital located at 623 New Haven Avenue in Milford, CT. This tenant has been at this location for over twenty years and has established a strong customer base in the area. There is a corporate guarantee from CareVet, a veterinary practice management group with over 100 animal hospitals in more than 30 states. The average household income within one mile was around $131,000 in 2022. There are annual rental increases and additional increases at the beginning of each option period.
Exclusively Listed By
Financing By
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