Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, VCA Blackstone Valley Animal Hospital investment property located in Uxbridge, Massachusetts (Worcester MSA). The tenant, VCA Animal Hospitals, Inc., has over 8 years of lease term remaining with 3 (5-year) options to extend. The lease features rare 2% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is signed by the corporate entity and is NNN with landlord responsibilities limited to structure and foundation, making it an ideal, low-management investment opportunity for a passive investor. VCA is a nationally recognized brand currently operating more than 1,000 animal hospitals worldwide.

VCA Blackstone Valley Animal Hospital is located just off State Highway 146, a primary commuter thoroughfare for the trade area averaging 23,100 vehicles passing by daily. The property benefits from excellent visibility via significant street frontage and a large monument sign. Additionally, the site is directly across from Campanelli Business Park of Uxbridge, a brand-new, $100 million modern industrial park that is currently under construction. Sitting on 176 acres, the new development will feature 4 Class A industrial office properties totaling over 1.6 million SF. Furthermore, there is extremely limited competition in the trade area with the asset being one of only two veterinary hospital options for the city of Uxbridge. The 5-mile trade area is supported by more than 37,500 residents and 10,100 daytime employees with an affluent average household income of $111,600.

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