1 Kennedy Dr - Retail FOR SALE


Putnam, CT 06260
$905,000 USD
323-609-4405
1 Kennedy Dr, Putnam, CT for Sale
$905,000 USD
Retail - FOR SALE
1/3
null | 8.25% Cap Rate

1 Kennedy Dr
Putnam, CT 06260


HIGHLIGHTS

  • MORE THAN 3 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF KENNEDY DRIVE | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • LIMITED LANDLORD RESPONSIBILITIES | LOW-MANAGEMENT

OVERVIEW

TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Animal Hospital of Putnam investment property located in Putnam, Connecticut. The Tenant, Community Veterinary Partners, has over 3 years remaining in their initial term with 3 5-year options to extend. The lease features annual rental increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Today, Community Veterinary Partners has a collective of over 3,000 unique veterinary care providers dedicated to bringing joy to families through their unwavering care for beloved pets. The mission of this collective is to spread happiness among families by offering the highest quality care to their cherished pets. Animal Hospital of Putnam is strategically located on Kennedy Drive. The site benefits from superior visibility via significant street frontage and a monument sign situated along Kennedy Drive. It shares this busy Putnam area with businesses like Walgreens, Dunkin’, and Frito-Lay Inc. The location benefits from the frequent street traffic of Kennedy Drive, which sees 11,628 vehicles daily. The 5-mile trade area is supported by a population of 21,986 and 12,251 daytime employees with an average household income of $105,608.

FOR SALE DETAILS

PRICE

$905,000 USD

PRICE/SF

$269 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Animal Hospital of Putnam | NNN | STNL

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Veterinarian/Kennel, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

-

APN/PARCEL ID

KILL-000091-000001-000015

ASK ABOUT THIS PROPERTY

Brian WineTWGREMore Info
323-609-4405

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Brian WineTWGREMore Info
323-609-4405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.