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29444554
29444555

107 Trade St, Greenville, NC 27834

AE
CA - 0255475, (CA) -02055475
Matthews
MM
CA CA 01982943
Matthews
RC
CA 01986299
Matthews
TS
CA 02238285
Matthews
Listed by Matthews
$1,355,953
45 days on market
Updated 45 days ago

Mission Pet Health | Veterinary Hospital | Long-Term Lease

Details
Property Type Office
Sub Type Medical Office, Veterinary (+1)
Square Footage 6,000
Cap Rate 6.50%
NOI $88,137
Occupancy 100%
Tenancy Single
Brand/Tenant Mission Pet Health
Lease Type NNN
Lease Term 15
Lease Expiration 06/30/2034
Remaining Term 8.1
Rent Bumps Yes
Lease Options Four, 5-Year Options
Price per SqFt $225
Year Built 1970
Year Renovated 1990
Buildings 1
Stories 1
Acreage 0.560
Investment Type Net Lease
Lease Commencement 06/18/2019
Ownership Fee Simple

800+ Unit Operator | 2.5% Annual Increases

Investment highlights

  • Stable Investment – The property is backed by a long-term NNN lease with over±8 years remaining and dependable 2.5% annual rent increases, providing consistent income growth and long-term security for investors.

  • Healthcare Real Estate | 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.

  • 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.

  • Established Platform – Mission Pet Health is a leading owner and operator of locally managed veterinary hospitals delivering comprehensive medical, surgical, and preventive care. The platform partners with multi-doctor practices while preserving clinical autonomy and culture, leveraging its national scale, operational expertise, and growth-oriented support infrastructure. This proven model drives consistent, high-quality patient care and supports sustained expansion across general practice, specialty, and emergency veterinary services.

Listing Contacts

AE
CA - 0255475, (CA) -02055475
Matthews
MM
CA CA 01982943
Matthews
RC
CA 01986299
Matthews
TS
CA 02238285
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,137.00
$7,344.75/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Gerard Hamas
License
License NO. C42113, 362768 (NC)
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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