Western Veterinary Partners (Cohutta Animal Clinic)

24 Lance Street, Blue Ridge, GA 30513

$2,987,198

Cap Rate 7.25%

Views: 13 DOM: 7 Updated: 11.14.24 Posted: 11.14.24 Status: Active

Summary

Price $2,987,198	Built/Renov 2023	Tenant Western Veterinary Partners (Cohutta Animal Clinic)
Cap Rate 7.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,767	Lease Start 10-23-2023	#Units 200
Price/SF $792.99	Expiration 10-23-2038	Tenant Type Medical/Health
NOI $216,571	R. Term 13.11	Ownership Fee Simple
Rent/SF $57.49	Increases 3.0%/1/yrs	Pop 5Mi 11,109
Lot/AC 0.62	Options 2/5yrs/3%	AHHI 5Mi $87,578

Lease Highlights

Brand new 2023 construction
New 15-year lease with 2 (5-year) renewal options
The lease features 3% rental increases annually
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee

Location Description

The subject property is located off Appalachian Highway, which experiences a daily traffic count of 26,900 vehicles. This newly constructed 3,767-square-foot facility includes a surgery suite, dental suite, in-house lab, and grooming area, meeting the growing demand for veterinary space. Veterinary hospitals are solid investments due to their pandemic and e-commerce resilience and low...

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Key Features

New construction
Near major nationals
Strategically located
Highway close
Top 100 MSA
Brand new lease
Long 15+ yr lease
Absolute NNN
Annual rent increases
Corporate Guarantee

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Links

Western Veterinary Partners Cohutta Animal Clinic Wikipedia Blue Ridge, Georgia Zip Code 30513 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Western Veterinary Partners
Guarantor:Corporate
Company:Western Veterinary Partners
# Units:200
Stock:Private

About Tenant

Western Veterinary Partners (WVP) is a privately held company that partners with veterinary practices to support their growth and operational success while preserving each clinic's...

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Listing Broker

Gabe Simpson

Sands Investment Group

Contact

2 Listings
85 Views
0 Sold

Andrew Ackerman

Sands Investment Group

Contact

60 Listings
7904 Views
28 Sold

Gabe Simpson

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Andrew Ackerman

Andrew is a seasoned CRE professional with over 10 years experience and has closed over $500M in transaction volume over the course of his career. Andrew has a proven track record in brokerage as well team management which he’s done in several capacities since first joining Marcus & Millichap in 2005. Before joining SIG, Andrew was a top producing agent at Stan Johnson Company’s Atlanta office, he brokered the closing of a 16-store sale leaseback for $26M while receiving the company’s Mento

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