Single-Tenant Office Medical
Veterinary Innovative Partners
1249 W Broad St, Falls Church, VA 22046
Listing Price: $3,842,725
Cap Rate
5.50%
Tenant Name
Veterinary Innovative Partners
Years Remaining On Lease
6.1
Gross SF
6,000
Guarantor
Corporate Guarantee
Rentable SF
6,000
Price/Gross SF
$640.45
Lease Type
Absolute Net
Rent Per Square Feet
$35.22
Investment Overview
See Highlights
Veterinary Innovative Partners
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 - Falls Church is located within the Suburban Virginia, just outside of Washington D.C-Arlington-Alexandria.
- Dense, Affluent Demographics - With 393,600+ residents and 154,000+ households within 5 miles, there is an ample customer base for the tenant.
- Corporate Guarantee - The property includes a corporate guarantee from Veterinary Innovative Partners, which owns over 70 veterinary clinics and hospitals across 12 states.
- 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 Managing Director / Market Leader
Listing Price: $3,842,725
Cap Rate
5.50%
Tenant Name
Veterinary Innovative Partners
Years Remaining On Lease
6.1
Gross SF
6,000
Guarantor
Corporate Guarantee
Rentable SF
6,000
Price/Gross SF
$640.45
Lease Type
Absolute Net
Rent Per Square Feet
$35.22
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 - Falls Church is located within the Suburban Virginia, just outside of Washington D.C-Arlington-Alexandria.
- Dense, Affluent Demographics - With 393,600+ residents and 154,000+ households within 5 miles, there is an ample customer base for the tenant.
- Corporate Guarantee - The property includes a corporate guarantee from Veterinary Innovative Partners, which owns over 70 veterinary clinics and hospitals across 12 states.
- 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 Managing Director / Market Leader
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