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VCA Animal Hospital 6324 Oleander Dr 4,400 SF Retail Building Wilmington, NC 28403 $1,580,000 ($359.09/SF) 8% Cap Rate
Investment Highlights
- Favorable Lease Terms There are over two years remaining on an original twenty year absolute triple-net lease, with no landlord responsibilities
- E-Commerce & Recession-Resistant Property Veterinary properties are extremely sought-after investments for their resistance to downturns in economy
- Corporate Guarantee VCA has over 1,000 hospitals and over 7,000 fully qualified, dedicated and compassionate veterinarians to give pets the very best
- Robust Industry Growth
Executive Summary
Surmount is pleased to present the exclusive listing for a VCA Animal Hospital located at 6324 Oleander Dr, Wilmington, NC 28403. The site consists of roughly 4,400 rentable square feet of building space on an estimated 0.64-acre parcel of land. This VCA Animal Hospital is subject to a 20-year Triple Net (NNN) lease, which commenced 1/22/2008. The current annual rent is $126,400 and has scheduled increases of 2.50% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
4,400 SF
Building Class
B
Year Built
1997
Price
$1,580,000
Price Per SF
$359.09
Cap Rate
8%
NOI
$126,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.64 AC
Zoning
O&I
Frontage
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R05620-004-012-000 | Improvements Assessment | $970,900 |
| Land Assessment | $147,000 | Total Assessment | $1,117,900 |
Property Taxes
Parcel Number
R05620-004-012-000
Land Assessment
$147,000
Improvements Assessment
$970,900
Total Assessment
$1,117,900
Contacts
-
Blake Woods -
Adam Friedlander -
Russell Wachtler -
Glen Kunofsky -
Christopher Marks -
Surmount
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VCA Animal Hospital | 6324 Oleander Dr
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