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34465659
34465660

1249 W BROAD ST, FALLS CHURCH, VA 22046 For Sale

DD
TX 656858
Marcus & Millichap - Austin
JF
CA 02248156
Hanley Investment Group
Listed by Marcus & Millichap - Austin, Hanley Investment Group
$3,522,500
1 day on market
Updated 1 day ago

Veterinary Innovative Partners

Details
Property Type Office
Sub Type Medical Office
Square Footage 6,000
Net Rentable (SqFt) 6,000
Units 1
Cap Rate 6%
NOI $211,350
Occupancy 100%
Tenancy Single
Brand/Tenant Veterinary Innovative Partners
Lease Type Absolute NNN
Rent Bumps Yes
Lease Options One (1) 5-Year Option
Price per SqFt $587
Year Built 2013
Year Renovated 2026
Buildings 1
Ownership Fee Simple

Absolute Net Lease | Strong MSA | Corporate Guarantee

Investment highlights

Absolute Net Lease - This investment offers a completely passive, long-term opportunity for both local and national investors who want zero landlord responsibilities.

Strong MSA Market - Falls Church is located within the Suburban Virginia, just outside of Washington D.C-Arlington-Alexandria.

Dense, Affluent Demographics - With 393,600+ residents and 154,000+ households within 5 miles, there is an ample customer base for the tenant.

Corporate Guarantee - The property includes a corporate guarantee from Veterinary Innovative Partners, which owns over 70 veterinary clinics and hospitals across 12 states.

Veterinary Market Growth - The U.S. veterinarians market was valued at $11.92 billion in 2022, and it’s projected to grow at a CAGR of 8.7% from 2023 to 2030 (Grand View Research).

Listing Contacts

DD
TX 656858
Marcus & Millichap - Austin
JF
CA 02248156
Hanley Investment Group
Listed by Marcus & Millichap - Austin, Hanley Investment Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$211,350.00
$17,612.50/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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Property History

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