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27780111
27780113

1710 Paramount Dr, Waukesha, WI 53186

AE
CA - 0255475, (CA) -02055475
Matthews
RC
CA 01986299
Matthews
MM
CA CA 01982943
Matthews
Listed by Matthews
$950,482
131 days on market
Updated 60 days ago

Corporate Animal Hospital | Sub $1M | 800+ Unit Operator

Details
Property Type Office
Sub Type Medical Office, Animal (+1)
Square Footage 2,436
Cap Rate 8.5%
NOI $80,791
Occupancy 100%
Tenancy Single
Brand/Tenant Mission Pet Health
Lease Type NNN
Lease Term 10
Lease Expiration 10/31/2027
Remaining Term 1.4
Rent Bumps Yes
Lease Options 1, 5 Year Option
Price per SqFt $206
Broker Co-Op Yes
Year Built 1983
Buildings 1
Stories 1
Acreage 0.500
Investment Type Net Lease
Lease Commencement 10/27/2017
Ground Lease No
Ownership Fee Simple

800+ Unit Operator | 3.5% Annual Increases | NNN Lease

Investment highlights

  • Stable Investment: There are ±6 years remaining on the NNN Michigan leases with 2% annual increases and two, five-year options to extend the lease. The Wisconsin asset includes more than two years remaining with 3.5% annual increases and one, five-year renewal option. These leases provide predictable income and steady growth within the Detroit and Milwaukee MSAs.

  • Scheduled Rental Increases I Hedge Against Inflation: The leases feature annual rental escalators (2% to 3.5%), providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.

  • Healthcare Real Estate I Recession Resistant Property: Veterinary Hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.

  • Tenant Investment In Location: Pet Hospitals rarely relocate due to the difficulty of retaining the same patients in a new location and the high costs associated with moving and build-outs.

  • Very Passive Lease Structure: There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.

  • Robust Growth Industry: The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.

Listing Contacts

AE
CA - 0255475, (CA) -02055475
Matthews
RC
CA 01986299
Matthews
MM
CA CA 01982943
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,791.00
$6,732.58/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Matt Fitzgerald
License
License NO. 938105-91, 51983-90 (WI)
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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