Listed by Matthews
$3,031,769
VCA Animal Hospital | 8.75% Cap Rate | Recent 5 Year Renewal
Details
Property Type Office
Sub Type Medical Office
Square Footage 11,523
Cap Rate 8.75%
Occupancy 100%
Tenancy Single
Lease Term 10
Lease Expiration 11/30/2030
Remaining Term 4.6
Rent Bumps Yes
Lease Options One, 5-Year Option
Price per SqFt $421
Year Built 2007
Buildings 1
Acreage 10.200
Lease Commencement 11/17/2015
Investment-Grade VCA Veterinary Hospital with 8.75% Cap Rate in Pittsburgh Market
Investment highlights
- Highway Proximity: The property is conveniently located near PA-56 and PA-366, providing easy access to major highways and facilitating regional connectivity. This positioning attracts clients from Lower Burrell and surrounding communities, enhancing accessibility for the veterinary practice.
- Surrounding Medical Offices: The vicinity features a variety of healthcare providers, including medical and veterinary offices, creating a healthcare hub that can enhance patient referrals and foster a sense of trust within the community.
- Nearby Retail: Located near prominent retailers, including Walmart Supercenter, Giant Eagle, and Home Depot. This retail presence increases foot traffic and visibility for the clinic, providing added convenience for clients.
- Tenant Investment in Location: Pet hospitals rarely relocate due to difficulty retaining the same patients in a new location, and the high costs of moving.
- 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.
- Trusted Provider: VCA Animal Hospitals has built a strong reputation for compassionate care and expertise in pet boarding, daycare, grooming, and veterinary services, attracting a loyal client base.
Listing Contacts
Listed by Matthews
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