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Nek Veterinary Services Group 1205 S 1st St 6,800 SF Retail Building Hiawatha, KS 66434 $475,000 ($69.85/SF) 9.25% Cap Rate
Investment Highlights
- Over 11 years remaining on lease with two five-year options to extend
- Lease guaranteed by AmeriVet Veterinary Partners, operating 200+ hospital locations
- Staffed by a team of four full-time veterinarians reflecting strong patient demand
- Only full-service animal hospital in Hiawatha treating large and companion animals
- 2.5% annual rental increases providing hedge against inflation
- Veterinary hospitals sought-after for resistance to economic downturns and e-commerce
Executive Summary
Broker of Record
Kyle Matthews
License # 239429, #CO00002672 (KS)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 239429, #CO00002672 (KS)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
6,800 SF
Building Class
C
Year Built
1997
Price
$475,000
Price Per SF
$69.85
Cap Rate
9.25%
NOI
$43,937
Tenancy
Single
Building Height
1 Story
Zoning
Commercial
Somewhat walkable
20/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $63,286 | |
| Land Assessment | $22,005 | Total Assessment | $85,291 |
Property Taxes
Parcel Numbers
Land Assessment
$22,005
Improvements Assessment
$63,286
Total Assessment
$85,291
(424) 277-6755
x3885
Contacts
-
Cameron Davodi -
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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