9650 Shore Dr - Veterinarian/Kennel FOR SALE


Norfolk, VA 23518
$3,200,000 USD
310-867-9311
9650 Shore Dr, Norfolk, VA for Sale
$3,200,000 USD
Veterinarian/Kennel - FOR SALE
1/17
null | Request Cap Rate

9650 Shore Dr
Norfolk, VA 23518


HIGHLIGHTS

  • NNN LEASE This investment is an opportunity to acquire real estate with mostly passive income.
  • TENANT INVESTMENT These are specialty sites with decades of clients making it hard to relocate.
  • LEADING VETERINARY OPERATOR Southern Veterinary Partners is one of the largest veterinary operators in the US with nearly 400 clinics in 25 states.

OVERVIEW

Helios Healthcare Division is pleased to offer an opportunity to purchase a mixed use property occupied by one of the premier veterinary practice owners in the nation, Southern Veterinary Partners. This practice is located in the heart of Norfolk, Virginia with a 1 mile average household income over $116,732. This property is situated beautifully in between the main road, Shore Dr, and the beach. The property has great visibility from Shore Dr and offers ample parking with great ingress and egress. The clinic lease features 12 years remaining with 2% annual rental increases, and two (2) five (5) year options to renew. Southern Veterinary Partners is the nation’s largest vet-founded, vet-led, and majority vet-owned veterinary group. Southern Veterinary Partners has grown to nearly 400 practices and 9,000 employees. Founded in 2014 by leading veterinarians and formed by Shore Capital Partners (Private Equity), SVP has been growing ever since. In addition, included are 3 beautiful apartments resting on top of the clinic. The apartments have a birds eye view of the ocean, fully occupied, and at market rent.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$313 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

-

APN/PARCEL ID

50001702

ASK ABOUT THIS PROPERTY

Jason GribinHelios Investment ServicesMore Info
310-867-9311

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Jason GribinHelios Investment ServicesMore Info
310-867-9311

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