Medical For Sale • 36,316 SF
STABLE LONG-TERM INVESTMENT | OPTIONS TO EXTEND – The NNN lease has just under 15 years remaining, with 2.75% annual rental increases after year 3 |
SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION – The lease features 2.75% annual rental increase after year 3 |
HEALTHCARE REAL ESTATE | RECESSION RESISTANT PROPERTY – Veterinary Hospitals are extremely sought-after investments |
TENANT INVESTMENT IN LOCATION – Pet Hospitals rarely relocate due to difficulty retaining the same patients in a new location |
CONVENIENT LOCATION – The subject property is well-positioned off Swansea Mall Drive, seeing more than 14,405 vehicles per day. |
NEARBY RETAIL – The property is surrounded by a mix of medical offices, schools, neighborhoods, and prominent retailers including Walmart Supercenter |
Cap Rate: | 6.50 % |
Airport | Drive | Walk | Distance |
---|---|---|---|
Rhode Island Tf Green International | 32 min | - | 20.3 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 160 |
Type: | Surface |
Included in Rent: | Yes |