915 S Talbot St - Office/Residential FOR SALE
Saint Michaels, MD 21663 |
$450,000 USD
332-345-4222
915 S Talbot St
Saint Michaels, MD 21663
HIGHLIGHTS
- Long-Term Operating History The subject property has been operating as a veterinary clinic for over 30+ years.
- Strong Guarantee The lease features a corporate guarantee from Heart + Paw
- Strong Rental Increases The lease features 2.00% annual increases. Rent increases help property owners keep up with inflation
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Heart + Paw Veterinary Hospital located at 915 S Talbot St., St. Michaels, MD 21663. The site consists of roughly 1,348 rentable square feet of building space on an estimated 0.2-acre parcel of land. This Heart + Paw Veterinary Hospital is subject to a 7 Years-year Double Net (NN) lease, which commenced 1/31/2022. The current annual rent is $29,952 and has scheduled increases of 2.00% Annually.
FOR SALE DETAILS
PRICE
$450,000 USD
PRICE/SF
$334 USD /SF
CAP RATE
6.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Heart + Paw Veterinary Hospital
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Office/Residential
ADD'L SUBTYPES
Veterinarian/Kennel
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1940
SPRINKLERS
-
PARKING SPACES
3
LAND DETAILS
LAND ACRES
0.2 AC
LAND SF
8,712 SF
ZONING
-
APN/PARCEL ID
02-060043
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332-345-4222
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332-345-4222
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