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177 Otrobando Ave
Norwich, CT 06360 Northeast New London/Norwich

$2,000,000 USD

Veterinarian Kennel For Sale  •  4,737 SF

Property Details

• Property Type Veterinarian Kennel
• Total Building Size 4,737 SF
• Building Class B
• Year Built 1956
• Cap Rate 7.50 %

19 Transit Score

39 Walk Score

Highlights

There are ±9.71 years remaining on the NNN lease with 3% annual increases and three, 5-year options to extend the lease.

The lease features 3% annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation

Veterinary Hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends

Cap Rate:

7.50 %