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2675 Highway 155
Locust Grove, GA 30248
The Grove Animal Hospital · Retail Property For Sale
Investment Highlights
- There are ±18.40 years remaining on the lease, providing long-term income stability with a corporate guaranty and a proven veterinary operator.
- Suveto is a national veterinary platform providing operational and financial support to veterinary practices, offering strong tenancy backed by a corp
- Veterinary facilities are highly specialized and costly to relocate, creating strong tenant stickiness and long-term occupancy stability.
- The lease features 3% annual rental increases, offering consistent NOI growth and protection against inflation.
- Built in 2009, the ±9,848 SF facility sits on ±2.76 acres, offering a purpose-built veterinary facility with long-term utility and tenant commitment.
- The property offers a 6.25% cap rate on $445,578 NOI, providing investors with stable cash flow from a healthcare-oriented asset class.
Executive Summary
Name
Maxx Bauman
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 80041, 451849 (GA)
Address
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
Phone
(866) 889-0550
Maxx Bauman
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # 80041, 451849 (GA)
Address
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
8,802 SF
Building Class
B
Year Built
2009
Price
$9,911,580 CAD
Price Per SF
$1,126.06 CAD
Cap Rate
6.25%
NOI
$619,474 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.76 AC
Zoning
C2
Parking
25 Spaces (2.84 Spaces per 1,000 SF Leased)
Frontage
170’ on GA 155
Property Taxes
| Parcel Number | 0097-01-001-002 | Improvements Assessment | $468,577 CAD |
| Land Assessment | $334,277 CAD | Total Assessment | $802,853 CAD |
Property Taxes
Parcel Number
0097-01-001-002
Land Assessment
$334,277 CAD
Improvements Assessment
$468,577 CAD
Total Assessment
$802,853 CAD
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