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463 Swansea Mall Dr, Swansea, MA, 2777

BAY STATE VETERINARY EMERGENCY & SPECIALTY SERVICES
$25,184,157

Key Information

Cap Rate
7%
$ per SF
$657
Year Built
2024
Term Remaining
±14.2 YRS
Type
Healthcare
Occupancy
100%
NOI
$1,762,891
Leasable Area
36,316

Highlights

  • Stable long-term investment | Options to extend – The NNN lease has just under 15 years remaining, with 2.75% annual rental increases after year 3 and two (2), five (5) year options to extend.
  • Scheduled rental increases | Hedge against inflation – The lease features 2.75% annual rental increase after year 3, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.
  • Healthcare real estate | Recession resistant property – Veterinary hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
  • Tenant investment in location – Pet hospitals rarely relocate due to difficulty retaining the same patients in a new location and the high costs associated with moving and buildouts.
  • Convenient location – The subject property is well-positioned off Swansea Mall Drive, seeing more than 14,405 vehicles per day. The property benefits from convenient access to Interstate 195, providing connectivity to major cities including Providence, RI, just 14 miles west, and New Bedford, MA, just 20 miles east.

Photos

Location

Agents

Financing Agents

Broker of Record

Kyle Matthews

License # 1000083-RE-RB (MA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203