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1605 E North St, Kokomo, IN, 46901

NORTHEAST ANIMAL CLINIC
$646,086

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Highlights

INVESTMENT HIGHLIGHTS

  • New Roof – The lease only calls for the landlord to be responsible for the Roof & Structural components of the building. The roof was replaced in 2021, offering a hands-off investment for any local or out-of-state investor
  • Attractive Annual Rental Increases – Rare 2.5% Annual Rental Increases are built in throughout the base term and option periods of the lease, providing for a strong hedge against inflation
  • Corporate Guaranty – The subject property was acquired by the O’Brien Veterinary Group in 2018 and features a corporate guaranty
  • E-Commerce & Recession-Resistant Property – Pet Care properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties

Location

Agents

Financing Agents

Broker of Record

Kyle Matthews

License # RC51700140 (IN)
Matthews Retail Group, Inc.
2321 Rosecrans Ave., Suite 1225 El Segundo, CA 90245

Key Information

Cap Rate
7%
$ per SF
$258
Year Built
1956
Term Remaining
±6.5 YRS
Type
Healthcare
NOI
$45,226
Leasable Area
2,500