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31995474
31995469

2330 Amherst Avenue, Butte, MT 59701

BW
CA CA 01952225
Brian Wine
Listed by Brian Wine
$1,758,016
43 days on market
Updated 43 days ago

VCA Amherst Animal Hospital | NNN Leased | 1 Year

Details
APN 01-1198-29-2-26-11-0000
Property Type Retail
Sub Type Animal hospital, Veterinary
Square Footage 10,000
Cap Rate 6.88%
NOI $121,039
Occupancy 100%
Tenancy Single
Lease Term 10
Lease Expiration 10/16/2027
Remaining Term 1.4
Rent Bumps Yes
Price per SqFt $176
Buildings 1
Acreage 0.770
Parking Spaces 15 spaces
Parking Per SqFt 1.50
Investment Type Net Lease
Lease Commencement 10/17/2017
Ground Lease No
Ownership Simple Interest

About This Property

Marketing description

We are pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, VCA Amherst Animal Hospital investment property located in Butte, Montana. The Tenant, VCA, has over 1 year remaining in their initial term with two (2) 5-Year options to extend. The lease features annual rental increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1986, VCA is a family of animal hospitals dedicated to creating a positive impact for pets, people, and communities. They prioritize the well-being of every pet, extending their care beyond the hospitals they operate.

VCA Amherst Animal Hospital is strategically located on Amherst Avenue. The site benefits from superior visibility via significant street frontage and a monument sign situated along Amherst Avenue. It shares this busy Butte area with businesses like Burger King, Starbucks, Papa Johns, Holiday Inn Express, and AutoZone. The location benefits from the frequent street traffic of Amherst Avenue, which sees 5,600 vehicles daily. The 5-mile trade area is supported by a population of 33,332 and 16,144 daytime employees with an average household income of $83,102.

Investment highlights

• More than 1 year remaining in their initial lease term

• The current Tenant has two (2) 5-Year options to extend

• The lease features annual rental increases of 2%

• Founded in 1986, VCA is a family of animal hospitals dedicated to creating a positive impact for pets, people, and communities, they prioritize the well-being of every pet, extending their care beyond the hospitals they operate

• Superior street visibility via significant street frontage and a large monument sign situated along Cornell Ave

• Strategically located off of Amherst Ave, which averages 5,600 vehicles passing by daily

• More than 33,332 residents and over 16,144 employees support the 5-mile trade area

• Those within 1-mile of the subject property boast an affluent average household income of $96,994

• Populated business thoroughfare shared with Burger King, Starbucks, Papa Johns, Holiday Inn Express, AutoZone

• NNN lease with limited landlord responsibilities of foundation and structure

• Ideal, low-management for a passive investor

Listing Contacts

BW
CA CA 01952225
Brian Wine
Listed by Brian Wine

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,039.44
$10,086.62/mo

Valuation Metrics

0
DSCR
6.89%
Cap Rate
6.89%
ROI

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