Veterinary Innovative Partners - Net Lease Property for Sale
Kingston, NY
Key Investment Metrics
Price
$1,645,161
Cap Rate
7.8%
Net Operating Income
$127,500
Building Size
5163 SF
Lot Size
5,163 SF
Land Area
1 Acres
Remaining Term
10.5 years
Lease Expiration
06/29/2036
Lease Term
15 years
Lease Commencement
06/30/2021
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1930
Occupancy
100%
Tenancy
Single
Rent Increases
2% Annually
About This Veterinary Innovative Partners Net Lease Property
This Veterinary Innovative Partners NNN (triple net lease) property is located in Kingston, NY and represents an excellent investment opportunity for commercial real estate investors. The property features 5163 square feet of building space and was built in 1930.
With a cap rate of 7.8%, this Veterinary Innovative Partners net lease property offers stable income potential. The asking price is $1,645,161, making it an attractive option for 1031 exchange investors seeking quality Veterinary Innovative Partners commercial properties.
Why Invest in Veterinary Innovative Partners NNN Properties?
- Stable Income: Veterinary Innovative Partners net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Veterinary Innovative Partners is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Kingston, NY Market Overview
Located in Kingston, NY, this Veterinary Innovative Partners property benefits from strong local demographics and market fundamentals. The Kingston area offers excellent visibility and accessibility, making it an ideal location for Veterinary Innovative Partners operations and a solid investment for net lease property buyers.