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33496779
33496778

981 S. McPherson Church Rd, Fayetteville, NC 28303

FR
IL 475.139806
Marcus & Millichap - Chicago Downtown
BR
IL 475.137849
Marcus & Millichap - Chicago Downtown
MS
IL 475.208710
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown
$5,170,000
6 days on market
Updated 4 days ago

Highland (AmeriVet) Animal Hospital

Details
Property Type Office
Sub Type Medical Office
Square Footage 12,000
Net Rentable (SqFt) 12,000
Cap Rate 6.25%
NOI $323,067
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 06/29/2038
Remaining Term 12
Rent Bumps Yes
Price per SqFt $431
Class B
Year Built 2019
Buildings 1
Stories 1
Acreage 2.090
Zoning Commercial
Parking Spaces 70 spaces
Parking Per SqFt 5.83
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/29/2023
Ownership Fee simple

Office | 6.25% CAP | 12,000 SqFt

Marketing description

Marcus & Millichap is pleased to present Highland Animal Hospital located at 981 S. McPherson Church Road, Fayetteville, NC. This veterinary hospital was constructed in 2019 and consists of approximately 12,000 square feet situated on 2.09 acres of land. The property is 100% leased to Highland Animal Hospital - AmeriVet Partners Management, Inc. under a triple-net lease structure featuring 2.5% annual rental increases and one 5-year renewal option. The lease is backed by a corporate guarantee from AmeriVet Veterinary Partners, which operates more than 200 veterinary hospitals across 35 states, with approximately 12 years remaining on the initial 15-year lease term.

Highland Animal Hospital is a well-established full-service veterinary hospital located in Fayetteville and has been serving the community since 1956. The practice provides a wide range of veterinary services including wellness care, surgery, dental procedures, diagnostics, preventative medicine, boarding, and emergency treatment for pets throughout the greater Fayetteville area. The hospital has developed a strong reputation within the community for comprehensive animal care and long-standing client relationships.

AmeriVet Veterinary Partners is a rapidly expanding veterinary practice management organization headquartered in San Antonio, Texas. Founded in 2017, the company partners with veterinary hospitals nationwide by providing operational, administrative, recruiting, marketing, and financial support while allowing local veterinarians to maintain clinical autonomy. AmeriVet currently operates more than 200 veterinary hospitals across the United States and is recognized for its partnership-focused model that preserves the identity and culture of individual practices while leveraging the resources of a larger organization.

The property is strategically located along McPherson Church Road, a prominent commercial and residential corridor in western Fayetteville that provides strong regional connectivity throughout the greater Fayetteville and Fort Liberty area. The corridor serves as a key north-south thoroughfare connecting to several major transportation routes including Raeford Road (U.S. 401), Cliff Dale Road, Skibo Road, the All-American Freeway, and nearby Interstate 295. These roadway connections provide convenient access throughout Cumberland County and the broader southeastern North Carolina region.

The surrounding area benefits from strong residential density, significant retail development, and a large military-driven population associated with Fort Liberty, one of the largest military installations in the United States. Nearby amenities include Cross Creek Mall, national retailers, restaurants, hotels, medical offices, and numerous neighborhood shopping centers that support continued commercial growth throughout the corridor. McPherson Church Road continues to experience ongoing retail and service-oriented development due to strong traffic counts, excellent accessibility, and sustained population growth within the Fayetteville market.

Investment highlights

  • 2019 Build-to-Suit Construction
  • Triple-Net Lease (NNN) Structure, converting to Absolute Net Lease Structure in June of 2028
  • The lease is backed by a corporate guarantee from AmeriVet Veterinary Partners, which operates more than 200 veterinary hospitals across 35 states
  • 2.5% Annual Rental Increases
  • 6 Dog Exam Rooms, 3 Cat Exam Rooms, Surgery Suite & Dental Room/Suite
  • Services provided include: Orthopedic Surgery, Emergency Surgery, Soft Tissue Surgery, Boarding, Sick Pets/Vaccinations, and Micro-chipping
  • Strategically Located Along McPherson Church Road and US-401, with 63,000 Vehicles Per Day

Listing Contacts

FR
IL 475.139806
Marcus & Millichap - Chicago Downtown
BR
IL 475.137849
Marcus & Millichap - Chicago Downtown
MS
IL 475.208710
Marcus & Millichap - Chicago Downtown
Listed by Marcus & Millichap - Chicago Downtown

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$323,067.00
$26,922.25/mo

Valuation Metrics

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DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Charles Gallagher
License
351471
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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