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Rockmart GA - Rockmart Animal Hospital / Alliance Animal Health

$1,015,000

748 Atlanta Highway, Rockmart, GA 30153

Active
Last Updated: 11/02/2021

6

Cap Rate

60,900

NOI

Details:
Cap Rate:    6%
NOI:    $60,900
Building Size:    3,708 sqft
Year Built:    2007
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, Alliance Rockmart Animal Hospital investment property located in Rockmart, Georgia. The tenant, ZBS Rockmart, LLC, has over 9 years remaining in their initial term with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.5% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof, structure, and paved areas, making it an ideal, low-management investment opportunity for a passive investor. Headquartered in Stamford, Connecticut, Alliance Animal Health currently operates over 90 partner hospitals across 15 states, and growing.

The subject property is strategically located along State Highway 113 (5,100 VPD), a thoroughfare that connects directly with State Highway 278 (16,300 VPD), the primary east/west commuter highway traveling through Rockmart and into the heart of Downtown Atlanta. The site benefits from excellent visibility via significant street frontage and a large monument sign. There is virtually no competition in the surrounding 20-mile trade area, providing the store with a consistent consumer base in Rockmart. The 5-mile trade area is supported by nearly 15,000 residents and 5,000 daytime employees with an average household income of $63,198.

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