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Monroeville Pet Hospital 232 Center Rd 2,201 SF Retail Building Monroeville, PA 15146 $824,000 ($374.38/SF) 7.50% Cap Rate
Investment Highlights
- STABLE LONG-TERM INVESTMENT | NNN LEASE - There are just under ±9 years remaining on the NNN lease with 3% annual increases
- HEALTHCARE REAL ESTATE | RECESSION RESISTANT PROPERTY - Veterinary Hospitals are extremely sought-after investments
- TENANT INVESTMENT IN LOCATION - Pet Hospitals rarely relocate due to the difficulty of retaining the same patients in a new location
- SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION - The lease features 3% annual rental escalators
- VERY PASSIVE LEASE STRUCTURE - There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local
- PRIME LOCATION - The ±2,201 SF practice is well positioned off Center Road with direct street frontage and easy access from the main thoroughfare
Executive Summary
Name
Kyle Matthews
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # RB068831, RM423998 (PA)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Kyle Matthews
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # RB068831, RM423998 (PA)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
2,201 SF
Building Class
C
Year Built
1950
Price
$824,000
Price Per SF
$374.38
Cap Rate
7.50%
NOI
$61,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.34 AC
Parking
15 Spaces (6.82 Spaces per 1,000 SF Leased)
Frontage
33’ on Center Rd
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0743-H-00192-0000-00 | Improvements Assessment | $119,600 |
| Land Assessment | $75,700 | Total Assessment | $195,300 |
Property Taxes
Parcel Number
0743-H-00192-0000-00
Land Assessment
$75,700
Improvements Assessment
$119,600
Total Assessment
$195,300
Contacts
-
Andrew Evans -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
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Monroeville Pet Hospital | 232 Center Rd
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