Single-Tenant Office Medical
Veterinary Innovative Partners (Portfolio)
10998 Clara Barton Dr, Fairfax Station, VA 22039
Listing Price: $2,338,311
Cap Rate
6.75%
Tenant Name
Veterinary Innovative Partners
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Absolute Net
Rent Per Square Feet
$22.55
Investment Overview
See Highlights
Investment Highlights
- Absolute Net lease - This investment offers a completely passive, long-term opportunity for both local and national investors who want zero landlord responsibilities.
- Strong MSA Market - Fairfax Station is located within the Suburban Virginia, just outside of Washington D.C-Arlington-Alexandria.
- Dense, Affluent Demographics - With 180,000+ residents and 62,000+ households within 5 miles, there is an ample customer base for the tenant.
- Below Market Rent - At $22.55 rent per square foot, this property boasts below average market rent.
- Veterinary Market Growth - The U.S. veterinarians market was valued at $11.92 billion in 2022, and it's projected to grow at a CAGR of 8.7% from 2023 to 2030 (Grand View Research).
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Single-Tenant Office Medical
Veterinary Innovative Partners (Portfolio)
Listing Price: $2,338,311
Cap Rate
6.75%
Tenant Name
Veterinary Innovative Partners
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
7,000
Lease Type
Absolute Net
Rent Per Square Feet
$22.55
Investment Highlights
- Absolute Net lease - This investment offers a completely passive, long-term opportunity for both local and national investors who want zero landlord responsibilities.
- Strong MSA Market - Fairfax Station is located within the Suburban Virginia, just outside of Washington D.C-Arlington-Alexandria.
- Dense, Affluent Demographics - With 180,000+ residents and 62,000+ households within 5 miles, there is an ample customer base for the tenant.
- Below Market Rent - At $22.55 rent per square foot, this property boasts below average market rent.
- Veterinary Market Growth - The U.S. veterinarians market was valued at $11.92 billion in 2022, and it's projected to grow at a CAGR of 8.7% from 2023 to 2030 (Grand View Research).
Investment Overview
See Highlights
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager