Enid Pet Hospital

  • $2.2M
1212 North Van Buren Street, Enid, OK 73703, USA

Enid Pet Hospital

1212 North Van Buren Street, Enid, OK 73703, USA
  • $2.2M

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Title Property Type Price Beds Baths Property Size Availability Date
sqft

Description

Marketing Description
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, Enid Pet Hospital investment property located in Enid, Oklahoma. The tenant, NVA Enid Veterinary Management, LLC, has approximately 8.5 years remaining in their initial lease term with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual CPI rental increases throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof, structure, and parking lot. Enid Pet Hospital is equipped to handle any medical situation that arises with your pet, including diagnostic care and x-rays.
Enid Pet Hospital is strategically along U.S. Highway 60 & 81, a major north/south commuter thoroughfare traveling throughout Enid, averaging 21,100 vehicles per day. The site benefits from excellent visibility via a large monument sign and significant highway frontage, providing ease and convenience for patients. The asset is ideally situated just 3.5 miles north of Sunset Plaza (120,000+ SF) and Oakwood Mall (543,000 SF), two major shopping centers serving the city of Enid. Oakwood Mall is one of the largest shopping hubs in Northwest Oklahoma, featuring more than 30 retail, dining, and entertainment options. U.S. Highway 81 is the primary retail corridor serving Enid, with nearby national/credit tenants including a 24-hour Walmart Supercenter, Dillard’s, Hobby Lobby, JCPenney, T.J. Maxx, Ross Dress for Less, Walgreens, CVS Pharmacy, and more. Strong tenant synergy increases consumers’ draw to the immediate trade area and promotes crossover store exposure for the site. The asset is surrounded by several apartment complexes including Hunters Hill (101 units), Edgewood Arms (76 units), and Fountain Lakes (60 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by more than 51,000 residents and 23,000 daytime employees with an average household income of $67,000.

Investment Highlights
8.5 Years Remaining | Corporate Guaranteed | Scheduled Rental Increases
NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
Located Along U.S. Highway 60 & 81 | Excellent Visibility | Dense Retail Corridor
Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area

Broker of Record
Mark Reeder
License: OK 109143

Details

Updated on April 11, 2020 at 4:36 pm
  • Property ID: 30704
  • Price: $2.2M
  • Property Size: 5536 sqft
  • Year Built: 2001
  • Property Type: Health Care / Medical
  • Property Status: For Sale
  • Lot Size (acres): 1.85
  • Tenancy: Single
  • Cap Rate: 7.25%
  • Net Operating Income: 159,954

Additional details

  • Lease Type: NNN
  • Tenant Credit: Corporate Guarantee
  • Zoning: Commercial
  • Parking (spaces): 26
  • APN: 1030-00-000-002-0-003-20
  • Lease Options: 2 (5-Year)
  • Ownership: Fee Simple (Land & Building)
  • Address 1212 North Van Buren Street, Enid, OK 73703, USA
  • City Enid
  • State/county Oklahoma
  • Zip/Postal Code 73703
  • Country United States

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Contact Information

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Britt Raymond
  • Britt Raymond
  • (929) 229-2614

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Britt Raymond
  • Britt Raymond