Listed by Matthews
$7,129,248
Woodland Animal Hospital | 18.5 Yr NNN Lease | Atlanta MSA
Details
Property Type Mixed Use
Square Footage 9,848
Cap Rate 6.25%
NOI $445,578
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 18.4
Rent Bumps Yes
Price per SqFt $724
Year Built 2009
Acreage 2.760
Ground Lease No
Corporate Veterinary Hospital – Suveto
Investment highlights
- There are ±18.40 years remaining on the lease, providing long-term income stability with a corporate guaranty and a proven veterinary operator.
- The lease features 3% annual rental increases, offering consistent NOI growth and protection against inflation.
- Suveto is a national veterinary platform providing operational and financial support to veterinary practices, offering strong tenancy backed by a corporate guarantee.
- This is a true NNN lease with minimal landlord responsibilities. Tenant handles maintenance, HVAC, and general upkeep, while landlord is responsible for replacement of roof/foundation.
- Built in 2009, the ±9,848 SF facility sits on ±2.76 acres, offering a purpose-built veterinary facility with long-term utility and tenant commitment.
- Veterinary facilities are highly specialized and costly to relocate, creating strong tenant stickiness and long-term occupancy stability.
- The property offers a 6.25% cap rate on $445,578 NOI, providing investors with stable cash flow from a healthcare-oriented asset class.
- The lease includes a 25-year original term with two (2) 10-year renewal options, no ROFO/ROFR, and financial reporting requirements, enhancing transparency and long-term control.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$445,578.00
$37,131.50/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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