Single-Tenant Office Medical
Bethel Village Square Animal Hospital (CareVet)
10-A Elizabeth St, Bethel, CT 06801
Listing Price: $481,780
Cap Rate
8.25%
Tenant Name
CareVet
Years Remaining On Lease
4.8
Gross SF
1,680
Guarantor
Corporate Guarantee
Rentable SF
1,680
Price/Gross SF
$286.77
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.66
Investment Overview
See Highlights
Bethel Village Square Animal Hospital (CareVet)
Investment Highlights
- Best In Class Tenant - Corporate guarantee by CareVet, a veterinary practice management group with over 200 animal hospitals in more than 35 states.
- Established, Long-Term Practice - This location has been a veterinary clinic for over 35 years, allowing them to develop a deep relationship with the community.
- Strong Population - With 100,000+ residents and 38,000+ households within 5 miles, there is an ample customer base for the tenant.
- High-Income Area - The 1-mile average household income is ±$119,000 while the 5-mile average exceeds $120,000.
- Annual Rent Increases - Attractive 2% annual rental increases are built in throughout the base term, and both renewal options.
Exclusively Listed By
Broker of Record
-
John Krueger
VP, National Director of Development and Training
Financing By
Single-Tenant Office Medical
Bethel Village Square Animal Hospital (CareVet)
Listing Price: $481,780
Cap Rate
8.25%
Tenant Name
CareVet
Years Remaining On Lease
4.8
Gross SF
1,680
Guarantor
Corporate Guarantee
Rentable SF
1,680
Price/Gross SF
$286.77
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.66
Investment Highlights
- Best In Class Tenant - Corporate guarantee by CareVet, a veterinary practice management group with over 200 animal hospitals in more than 35 states.
- Established, Long-Term Practice - This location has been a veterinary clinic for over 35 years, allowing them to develop a deep relationship with the community.
- Strong Population - With 100,000+ residents and 38,000+ households within 5 miles, there is an ample customer base for the tenant.
- High-Income Area - The 1-mile average household income is ±$119,000 while the 5-mile average exceeds $120,000.
- Annual Rent Increases - Attractive 2% annual rental increases are built in throughout the base term, and both renewal options.
Investment Overview
See Highlights
Exclusively Listed By
Broker of Record
-
John Krueger
VP, National Director of Development and Training
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.