Single-Tenant Office Medical
Veterinary Innovative Partners
201 School House Dr, Hedgesville, WV 25427
Listing Price: $970,588
Cap Rate
8.50%
Tenant Name
Veterinary Innovative Partners
Years Remaining On Lease
7.7
Guarantor
Corporate Guarantee
Rentable SF
5,121
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.11
Investment Overview
See Investment Highlights
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.
- 7+ Years Remaining - There are over 7 years left in the primary term, and an additional 5-year option period that includes annual rental increases.
- 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
Single-Tenant Office Medical
Veterinary Innovative Partners
Listing Price: $970,588
Cap Rate
8.50%
Tenant Name
Veterinary Innovative Partners
Years Remaining On Lease
7.7
Guarantor
Corporate Guarantee
Rentable SF
5,121
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.11
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.
- 7+ Years Remaining - There are over 7 years left in the primary term, and an additional 5-year option period that includes annual rental increases.
- 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 Investment Highlights