3000 Roane State Hwy - Roane Veterinary Hospital | NNN | 4 Years 15,660 SF Specialty Building Offered at $859,179 CAD at a 7% Cap Rate in Harriman, TN 37748

TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Roane Veterinary Hospital investment property located in Harriman, Tennessee. With minimal competion within 10 miles, RVH has been the primary veterinary practice in the area for 57 years and is highly regarded in community. RVH draws clients from an approximate 40 mile radius. The Tenant, Heartland Veterinary Partners, has over 4 years remaining in their extended term, the new option period was renewed early by the tenant showing their commitment to the site. The lease features increases at the start of each option period. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Heartland Veterinary Partners is a veterinary management company that aims to support veterinary practices and their owners. The company was founded in 2017 and is headquartered in Chicago, Illinois, with offices in various locations across the United States.
RVH is strategically located on Roane State Highway. The site benefits from superior visibility via significant street frontage and a facade sign situated along Roane State Highway. It shares this busy Harriman area with businesses like Starbucks, Burger King, Subway, Dunkin and Shell. The location benefits from the frequent street traffic of Roane State Highway, which sees 8,318 vehicles daily. The 5-mile trade area is supported by a population of 19,678 and 7,839 daytime employees with an average household income of $87,706.