Descriptif

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the newly renovated, single-tenant NVA Massanutten Animal Clinic located at 29 Titus Drive in Penn Laird, Virginia ("Property“, "Asset“, or “Massanutten Animal Clinic”). The Property is operating on a recently commenced NNN lease with ±11.8 years of term remaining, 2.0% annual rent increases, and three, five-year renewal options, and benefits from a corporate guaranty from National Veterinary Associates and a $2,500,000 Tenant investment in the facility.

This unique opportunity allows investors to acquire a recently commenced, corporate-guaranteed veterinary hospital with fixed 2.0% annual escalations in Penn Laird’s primary retail corridor

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Attributs

Prix demandé

5 810 000 $

Taux de capitalisation

6 %

RNI

349 000 $

Type de bail

Bail net (N/NN/NNN)

Durée restante du bail

11.8 années

Superficie du bâtiment brute

821 mètres carrés

Année de construction

2008

Année de rénovation

2026

Superficie du terrain brute

0,4 ha

Média

Points forts de l'investissement

2026 Retrofit Relocation Veterinary Clinic
±11.8 years of primary term remaining
Fixed 2% annual rent escalations (including options)
$2.5M tenant investment in the Facility, representing ~45% of the project budget
Corporate Guarantee by a leading Veterinary Operator (1,300+ locations)
+55% Population Growth from 2010-2026 within a 1-mile Radius
Clinic YTD Revenue Growth of +19.0% (Jan-Aug 2026)
Excellent frontage along US Route 33 with exposure to 42,000+ vehicles per day (VPD)
Pet owners represent 48% of households within a 5-mile radius of 66,791 residents