6300 Washington Ave
Racine, WI 53406
Sturtevant
HIGHLIGHTS
- This is a Double Net (NN) Lease With Landlord Responsibilities Limited to Roof and Structure
- Blue River PetCare is a Leading Operator of Veterinary Hospitals, Managing Over 200 Hospitals Across the Country Provides a Corporate Guarantee
- 6+ Years Remaining on the Initial Lease Term, Providing For a Long- Term Investment
- The Lease Features 2% Annual Rental Increases Throughout the Term, Steadily Growing the NOI and Hedging Against Inflation
- Located in the Main Retail Corridor For Racine, the Site Benefits From Great Visibility, Below Market Rents ($10.35/SF) and an Oversized 1.4 Acre Lot
- The Veterinary Services Market Has Had Significant Revenue Growth of 11.40% Since 2019 and is Expected to Reach $56.6 Billion By 2029
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,150 SF Blue River PetCare Located at 6300 Washington Avenue in Racine, WI. This is a Double Net (NN) Lease With Landlord Responsibilities Limited to Roof and Structure, Providing For a Secured Investment.
In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker - Lic. #938545-91 BoR: Scott Reid - Lic. WI #58772-90
FOR SALE DETAILS
PRICE
$943,288 USD
PRICE/SF
$169 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Blue River PetCare - Racine, WI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Drug Store, Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
88
LAND DETAILS
LAND ACRES
1.48 AC
LAND SF
64,468 SF
ZONING
B-2
APN/PARCEL ID
151-032214036000
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