Route 128 Net Lease Investment Opportunity | Peabody, MA

Description:

Newly signed 10-year net lease with Veterinary Emergency Group (VEG) and a 7-year lease with Training by Bria. VEG rent commencement begins June 1, 2025 with the tenant investing approximately $2.5M into the premises. The Veterinary Emergency Group (VEG) is a specialized network of animal hospitals dedicated exclusively to emergency veterinary care across 90 locations nationwide. VEG operates 24/7, including holidays, and provides immediate, high-quality treatment for pets facing urgent medical situations. Training with Bria is a dog training service founded by Bria Tiro, a relationship-based trainer who emphasizes understanding dog psychology and behavior as the foundation for practical training.



This well located site is strategically situated at the signalized intersection of Route 114 (Andover Street) and Sylvan Street, providing significant visibility and accessibility. The area within a one-mile radius of 1 Sylvan Street is home to approximately 10,225 residents as of 2024, with a slight projected increase to 10,311 by 2029. The median household income is estimated at $81,676 in 2024 and is expected to rise to $96,096 by 2029. Notable area tenants include Lahey Health Behavioral Services, Petco, BMW Peabody, Lifetime Fitness, Kappy's Liquors, Chase Bank, Tesla, Nordstrom, and Starbucks. The nearest highway access is via Route 128, approximately 0.5 miles from 1 Sylvan Street; Downtown Boston is about 17 miles south, typically a 30-minute drive under normal traffic conditions. Logan International Airport is approximately 19 miles away, offering easy business travel and logistics access.

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