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Views: 57 Updated: 11.09.23 Posted: 10.10.23 Status: Inactive

Summary

Price $9,600,000
Built/Renov 2008
Tenant Philadelphia Animal Hospital
Cap Rate 6.88%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,500
Lease Start 03-01-2024
#Units 1
Price/SF $1,476.92
Expiration 02-28-2039
Tenant Type Medical/Health
NOI $660,000
R. Term 14.2
Ownership Fee Simple
Rent/SF $101.54
Increases 3.0%/1/yrs
Pop 5Mi 656,179
Lot/AC 4.00
Options 2/5yrs/3%
AHHI 5Mi $89,794

Lease Highlights

  • Philadelphia Animal Hospital recently signed a brand new 15-year lease with 2 (5-year) options to extend
  • Lease features 3% annual rental increases throughout the initial term and during each option
  • Absolute NNN | Zero landlord responsibilities
  • Limited submarket competition
  • Corporate guarantee by Philadelphia Animal Hospital

Location Description

Philadelphia Animal Hospital and Pet Hotel & Villas benefit from a strategic location with frontage and entrances on both Holstein Avenue and S. 74th Street, with a combined daily traffic count of 14,369 vehicles. The subject property is conveniently situated just a few hundred feet from the signaled intersection of Essington Avenue and S. 70th Street, which has a traffic count of 20,000+...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Philadelphia Animal Hospital strives to enhance the health of your furry family members through client education, compassionate and honest care, state-of-the-art medicine and diagnostic...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,938 145,064 658,162
2023 Total Population : 12,154 146,517 652,745
2023 Employed Civilian Pop : 5,481 62,877 326,095
2023 Total Businesses : 368 3,500 22,903
2023 Average Household Income : $ 63,149 $ 65,679 $ 92,114
2023 Total Consumer Spending : $ 269 M $ 3268 M $ 22183 M
2023 Median Age : 38 36 36
2023 Total Households : 4,927 56,762 276,813
2023 Pop Age 25+: Bachelor's Degree : 1,250 14,546 99,141
2023 Average Home Value : $ 200,732 $ 228,506 $ 314,103
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Holstein Ave S 74th St 2011 3,675 0.10 mi
S 70th St Holstein Ave 2017 10,694 0.16 mi
South 70th Street S 70th St 2019 10,633 0.25 mi
South 70th Street Lindbergh Blvd 2022 10,783 0.25 mi
Lindbergh Blvd S 74th St 2017 28,341 0.40 mi
Lindbergh Boulevard S 74th St 2019 9,317 0.40 mi
Holstein Ave Bartram Ave 2014 5,204 0.51 mi
Bartram Ave Holstein Ave 2019 14,149 0.56 mi
Bartram Avenue I- 95 2022 12,199 0.57 mi
Island Avenue Suffolk Ave 2021 32,450 0.58 mi

Listing Broker

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