College Garden Animal Hospital - Roswell, NM_Property for Sale
College Garden Animal Hospital - Roswell, NM_Property for Sale
502 E College Blvd, Roswell, NM, 88201, US

College Garden Animal Hospital - Roswell, NM

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee simple interest in College Garden Animal Hospital located at 502 E College Blvd in Roswell, New Mexico (the “Property”).


Comprising 4,785 square feet situated on 1.00 acre, the Property is a full-service veterinary medical facility initially led by two doctors, and now grown to a significantly larger staff to better service the community. College Garden has been the largest and trusted go-to animal hospital in the surrounding area for over 30 years.


The Property is 100% leased to College Garden Animal Hospital Inc. (“Tenant”), an owned entity of National Veterinary Associates (“NVA”). NVA is a global leading veterinary organization that owns ~145 world-class veterinary hospitals as well as ~1,400 general practice veterinary hospitals, equine hospitals and pet resorts. NVA manages the College Garden facility.


The Property is well located on the intersection of E Roswell Blvd and N Garden Ave with visibility to over 15,000 vehicles per day. Roswell serves as the economic and cultural hub of Southeastern New Mexico and ranks the 4th Best County in New Mexico for Families (Niche).


This offering provides investors the exceptional opportunity to acquire a longstanding, full-service animal hospital managed by a global parent company and located in the hub of Southeastern New Mexico. 

...

Attributes

Asking price
NZ$1,567,000
Cap rate
8.75%
NOI
NZ$138,000
Building area net
445 m²
Occupancy
100%
WAULT
1.5 years

Media

Investment Highlights

  • Long-term tenant commitment to the site with proven operating history and the largest animal hospital in the surrounding area for over 30 years.
  • Opportunity to invest in the recession-resistant pet care industry.
  • Property has high visibility along E College Blvd intersection with N Garden Ave (15,000+ VPD). Approximately 68% of households have a pet within a 5-mi radius of the site.
  • Tenant is owned by National Veterinary Associates. NVA is a global leading veterinary organization that provides a range of comprehensive services and support to its 1,400+ vet clinics and pet resorts across the world.
  • Optimal Net lease with limited landlord responsibilities with 1.5 years remaining and two, 5-year extension options with 5.0% annual escalations.
College Garden Animal Hospital - Roswell, NM 4_Property for Sale
College Garden Animal Hospital - Roswell, NM 4_Property for Sale

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College Garden Animal Hospital - Roswell, NM (0 Properties)

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Last updated
13 Jun 2024