Single-Tenant Office Medical
Jackson County Animal Hospital (CareVet)
629 East 23rd St S, Independence, MO 64055
Listing Price: $567,000
Cap Rate
8.00%
Tenant Name
CareVet
Years Remaining On Lease
5.0
Gross SF
1,948
Guarantor
Corporate Guarantee
Rentable SF
1,948
Price/Gross SF
$291.07
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.29
Investment Overview
See Investment Highlights
Jackson County Animal Hospital (CareVet)
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.
- Recently Renovated - The tenant recently remodeled the building and parking lot in 2021 and renovated the roof in 2024.
- Strong Population - With 146,000+ residents and 63,000+ households within 5 miles, there is an ample customer base for the tenant.
- High-income area - The 1-mile average household income is ±$63,000. The 3 & 5-mile average household income both exceed $65,000.
- Veterinary Growth Market - The U.S veterinary services market was estimated at $36.5 billion in 2024, and is projected to grow to around $68 billion by 2033 (Grand View Research)
Exclusively Listed By
Broker of Record
Financing By
Single-Tenant Office Medical
Jackson County Animal Hospital (CareVet)
Listing Price: $567,000
Cap Rate
8.00%
Tenant Name
CareVet
Years Remaining On Lease
5.0
Gross SF
1,948
Guarantor
Corporate Guarantee
Rentable SF
1,948
Price/Gross SF
$291.07
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.29
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.
- Recently Renovated - The tenant recently remodeled the building and parking lot in 2021 and renovated the roof in 2024.
- Strong Population - With 146,000+ residents and 63,000+ households within 5 miles, there is an ample customer base for the tenant.
- High-income area - The 1-mile average household income is ±$63,000. The 3 & 5-mile average household income both exceed $65,000.
- Veterinary Growth Market - The U.S veterinary services market was estimated at $36.5 billion in 2024, and is projected to grow to around $68 billion by 2033 (Grand View Research)
Investment Overview
See Investment Highlights
Exclusively Listed By
Broker of Record
Financing By
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