$581,899 USD
949-662-2256
3224 Lincoln Way
South Bend, IN 46628
West South Bend
HIGHLIGHTS
- STABLE INVESTMENT – There are ±3 years remaining on the NN lease with 2% annual increases and one (1), five (5) year options to extend the lease.
- SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION – The lease features 2% annual rental escalators, providing a future owner.
- HEALTHCARE REAL ESTATE | RECESSION RESISTANT PROPERTY – Veterinary Hospitals are extremely sought-after investments for their resistance to downturns.
- PRIME LOCATION – The ±2,100 SF practice is well positioned off Lincoln Way West with direct street frontage and accessibility from the main road.
- COMPREHENSIVE SERVICES | MULTI-DOCTOR LOCATION – South Bend Animal Clinic offers a range of veterinary services including emergency pet care.
- VETCOR – Established in 1997, Vetcor has built a community-centric veterinary services company supporting over 850 practices across the US and Canada.
FOR SALE DETAILS
PRICE
$581,899 USD
PRICE/SF
$277 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
South Bend Animal Clinic | VetCor
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Veterinarian/Kennel
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1967
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
0.51 AC
LAND SF
22,216 SF
ZONING
-
APN/PARCEL ID
71-08-04-228-017.000-026
ASK ABOUT THIS PROPERTY
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949-662-2256
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Please correct the highlighted field(s).
949-662-2256
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
