Single-Tenant Office Medical
Southern Rockies Animal Emergency + Specialty
5886 Tutt Blvd, Colorado Springs, CO 80923
Listing Price: $2,700,000
Cap Rate
6.41%
Tenant Name
National Veterinary Associates
Years Remaining On Lease
8.2
Gross SF
12,000
Guarantor
Corporate Guarantee
Rentable SF
12,000
Price/Gross SF
$225.00
Lease Type
Double Net
Rent Per Square Feet
$14.41
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale the Southern Rockies Animal Emergency + Specialty in Colorado Springs, CO.
Southern Rockies Animal Emergency + Specialty
Investment Highlights
- BEST IN CLASS TENANT - The subject property is an AAHA Accredited Animal Hospital, only 15% of all small animal hospital in the U.S. have earned this distinction.
- STRONG OPERATOR - Corporate guarantee by National Veterinary Associates, a veterinary practice management group with over 1,400 animal hospitals across the United States.
- LONG LEASE TERM- There is over 8 years remaining on the lease term with two additional option periods. The tenant has already exercised one option period, showing commitment to the location.
- STRATEGIC LOCATION - Located in a dense retail area, the subject property is surrounded by national and local tenants such as OrangeTheory, King Scooper, Advance Auto Parts, Wendy's, and much more
- 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
Single-Tenant Office Medical
Southern Rockies Animal Emergency + Specialty
Listing Price: $2,700,000
Cap Rate
6.41%
Tenant Name
National Veterinary Associates
Years Remaining On Lease
8.2
Gross SF
12,000
Guarantor
Corporate Guarantee
Rentable SF
12,000
Price/Gross SF
$225.00
Lease Type
Double Net
Rent Per Square Feet
$14.41
Investment Highlights
- BEST IN CLASS TENANT - The subject property is an AAHA Accredited Animal Hospital, only 15% of all small animal hospital in the U.S. have earned this distinction.
- STRONG OPERATOR - Corporate guarantee by National Veterinary Associates, a veterinary practice management group with over 1,400 animal hospitals across the United States.
- LONG LEASE TERM- There is over 8 years remaining on the lease term with two additional option periods. The tenant has already exercised one option period, showing commitment to the location.
- STRATEGIC LOCATION - Located in a dense retail area, the subject property is surrounded by national and local tenants such as OrangeTheory, King Scooper, Advance Auto Parts, Wendy's, and much more
- 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
Marcus & Millichap is pleased to exclusively offer for sale the Southern Rockies Animal Emergency + Specialty in Colorado Springs, CO.
Exclusively Listed By
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