VCA Animal Hospital - Net Lease - 8% CAP
3,772 SF | Retail Building | Chesapeake, VA 23323 | $928,500 ($246/SF) | 8% Cap Rate
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $928,500
- Property Type
-
Retail
- Square Feet
- 3,772 SF
- Price / Square Foot
- $246
Listing Contacts
Patrick Wagor
Verified Profile
- Property Info
Property Details
- Class
- C
- Year Built/Renovated
- 1985/2010
- Stories
- 1
- Lot Size (sq. ft)
- 100,188 SF
Highlights
- Recent lease renewal demonstrates long term commitment to the site
- VCA Animal Hospitals operates over 1,000 locations in the U.S. and Canada and is owned by the largest veterinary company in the U.S., Mars Inc.
- Established practice with 17 year operating history
- E-commerce and recession resistant business model
- Globally the pet care market grew to $232 billion in 2021, a 6.1% increase from 2020 and is expected to grow to $350 billion by 2027
- 2.29 acre parcel (+/- 1.5 AC useable) with potential for future redevelopment
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