Concentra Urgent Care – Providence, RI
Providence, Rhode Island
Cap Rate: 5.75%
$5,395,652
Available
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Get In TouchValue-Add Heartland Veterinary – Wilmington, NC
Heartland Veterinary Partners LLC
7775 Market Street, Wilmington, NC 28411, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,064 SF Value-Add Heartland Veterinary Hospital Located at 7775 Market Street in Wilmington, NC. The Corner Property is Strategically Positioned in One of the Fastest-Growing Metropolitan Areas in the United States, and Features a Building With Below-Market Rents and a Corporately Guaranteed Lease From One of the Largest Veterinary Operators in the Country, Providing For a Secure Investment.
- Well Below Market Rents – The Property is Currently Rented at $12.48 a Square Foot, Significantly Below Market Rent in the Wilmington Area, Which is Around $20 Per Square Foot
- Unoccupied Space – There is Approximately 1,064 Square Feet on the Second Floor That is Not Currently Being Used and Can Be Offered to Heartland to Expand Into; An Opportunity to Add Additional NOI
- Wilmington, North Carolina Has Incredibly Strong Demographics and is One of the Fastest Growing Areas in the Country
- Heartland is One of the Strongest Operators in the Veterinary Space With 300+ Locations
- NN Lease – Minimal Landlord Responsibility With Tenant Covering Everything But Roof/Structure/HVAC
- Corner Lot on Market Street, Which Sees 45,151 Vehicles Per Day; The Property Also Has 30 Parking Spaces on Site
In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 BoR: Chris Sands – Lic. NC #300021
Heartland Veterinary Partners LLC
7775 Market Street, Wilmington, NC 28411, USA
HEARTLAND VETERINARY
Heartland Veterinary Partners is a support organization that is committed to improving the lives of veterinarians. They purchase veterinary practices and provide operational support to relieve administrative burdens such as payroll, recruiting, HR, marketing and accounts payables. If needed, they invest to support growth. The practices maintain their unique branding, culture and clinical autonomy.
At Heartland, they believe that selling a veterinary practice shouldn’t mean losing what makes it remarkable. They listen closely to their needs in order to create a one-of-a-kind solution to ease their administrative burdens—all without disrupting their day-to-day operations, the culture they’ve fostered, and the relationships they’ve built. Improving the lives of veterinarians means supporting them at all stages of their careers. Whether you’re a veterinary student or a new graduate looking for hands-on learning to begin your career or an experienced veterinarian looking to tackle management and leadership opportunities, they keep goals at the heart of everything they do.
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Hospital Adjacent Medical Office Building | Abington, PA
Abington, Pennsylvania
Cap Rate: 6.15%
$12,373,870
Available
Price
$1,000,000
Cap Rate
6.24%
PREMISES
6,064 SF
RENEWAL OPTIONS
1 x 3 Year Options
Lease Expiration
03/31/2027
Lease Type
NN
RENTAL INCREASES
3% at Option
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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