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Views: 72 Updated: 01.29.24 Posted: 10.27.23 Status: Inactive

Summary

Price $954,730
Built/Renov 1992
Tenant Rarebreed Veterinary Partners (Westside)
Cap Rate 6.25%
Lease Type Double NN
Guarantor Corporate
Size/SF 4,900
Lease Start 02-22-2021
#Units 130
Price/SF $194.84
Expiration 02-22-2031
Tenant Type Medical/Health
NOI $59,671
R. Term 6.3
Ownership Fee Simple
Rent/SF $12.18
Increases 2.0%/1/yrs
Pop 5Mi 20,690
Lot/AC 0.70
Options 2/5yrs/6%
AHHI 5Mi $130,750

Lease Highlights

  • Rarebreed Veterinary Partners has over 7 years remaining on the current lease term with 2 (5-year) options to extend
  • Lease features 2% annual rental increases throughout the initial term, 6% at the start of option 1, and 10% at the start of option 2
  • Corporate guarantee by Revelstoke Capital Partners, LLC

Location Description

Rarebreed Veterinary Partners is strategically situated along Gray Road, which averages a daily traffic count of 6,151 vehicles. Additionally, its proximity to I-95, with a traffic count of 29,288 vehicles per day, further enhances its accessibility. Conveniently, the property is within walking distance of local establishments such as Cumberland House of Pizza, Bru-Thru Coffee, Caddy’s...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Rarebreed Veterinary Partners is a leading veterinary services platform in the northeastern United States. Founded in 2018, the company created a network of modern and tech-enabled veterinary...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,602 8,030 22,630
2023 Total Population : 1,531 7,813 21,860
2023 Employed Civilian Pop : 836 4,336 12,330
2023 Total Businesses : 39 152 516
2023 Average Household Income : $ 175,103 $ 165,049 $ 162,035
2023 Total Consumer Spending : $ 88 M $ 409 M $ 1148 M
2023 Median Age : 45 44 44
2023 Total Households : 604 2,946 8,385
2023 Pop Age 25+: Bachelor's Degree : 436 1,939 5,521
2023 Average Home Value : $ 547,544 $ 521,086 $ 507,895
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Blackstrap Road George Rd 2019 3,128 0.08 mi
Skillin Rd Blackstrap Rd 2005 2,080 0.10 mi
Kathy Lane Skillin Rd 2020 87 0.12 mi
Blackstrap Rd I- 95 2005 2,350 0.15 mi
George Road Union Rd 2020 121 0.17 mi
George Rd Union Rd 2002 90 0.19 mi
Gray Rd Highland Ave 2005 6,820 0.22 mi
I- 95 Blackstrap Rd 2001 19,097 0.24 mi
Union Road Highland Ave 2020 30 0.29 mi
Lake Road Union Rd 2020 28 0.29 mi

Listing Broker

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