Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale a single tenant Newington Veterinary Clinic (the “Property” or “Asset”) offering in Newington, CT. The Asset is strategically located within the Hartford MSA in between Central Connecticut State University and Trinity University. Additionally, a Walmart Supercenter which ranks in the 90th percentile of most visited locations is located less than 2-mile less than 2-miles from the Asset. The tenant, CareVet, is one of the top veterinary operators in the United States with more than 150 locations throughout 35 states.
The tenant operates on a NN lease with 7 years of term remaining, annual 3% rent escalations, multiple option periods, and minimal landlord responsibilities.
- CareVet is a leading operator of 150+ independent veterinary hospitals across 35+ states with more than 2,300 employees.
- Located in the Hartford MSA with two major universities within 3-miles as well as a top performing Walmart Supercenter and Costco.
- More than 9,500 people reside within 1-mile of the Asset and have average annual household incomes of $105,000.
- Net lease with annual 3% rent escalations, 7 years of remaining term, and minimal landlord responsibilities.