Single-Tenant Office Medical
Veterinary Innovative Partners (Portfolio)
62 Hamburg Turnpike, Riverdale, NJ 07457
Listing Price: $935,994
Cap Rate
8.00%
Tenant Name
Veterinary Innovative Partners
Years Remaining On Lease
6.5
Gross SF
2,498
Guarantor
Corporate Guarantee
Rentable SF
2,498
Price/Gross SF
$374.70
Lease Type
Absolute Net
Rent Per Square Feet
$29.98
Investment Overview
See Highlights
Veterinary Innovative Partners (Portfolio)
Investment Highlights
- Sub $1M Price Point - This subject property is less than $1,000,000 with a national operator, offering tenant stability at a low price point.
- Absolute Net Lease - This investment offers a completely passive, long-term opportunity for both local and national investors who want zero landlord responsibilities.
- Corporate Guarantee - The property includes a corporate guarantee from Veterinary Innovative Partners, which owns over 70 veterinary clinics and hospitals across 12 states.
- Strong Demographics - The 5-mile population in 2023 was over 113,000, while the estimated number of households within 5-miles in 2023 was over 32,000.
- 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).
Broker of Record
-
John Horowitz
Senior Vice President/Division Manager
Financing By
Single-Tenant Office Medical
Veterinary Innovative Partners (Portfolio)
Listing Price: $935,994
Cap Rate
8.00%
Tenant Name
Veterinary Innovative Partners
Years Remaining On Lease
6.5
Gross SF
2,498
Guarantor
Corporate Guarantee
Rentable SF
2,498
Price/Gross SF
$374.70
Lease Type
Absolute Net
Rent Per Square Feet
$29.98
Investment Highlights
- Sub $1M Price Point - This subject property is less than $1,000,000 with a national operator, offering tenant stability at a low price point.
- Absolute Net Lease - This investment offers a completely passive, long-term opportunity for both local and national investors who want zero landlord responsibilities.
- Corporate Guarantee - The property includes a corporate guarantee from Veterinary Innovative Partners, which owns over 70 veterinary clinics and hospitals across 12 states.
- Strong Demographics - The 5-mile population in 2023 was over 113,000, while the estimated number of households within 5-miles in 2023 was over 32,000.
- 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
Broker of Record
-
John Horowitz
Senior Vice President/Division Manager
Financing By
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