232 Center Rd- Monroeville-PA|MATTHEWS

STABLE LONG-TERM INVESTMENT | NNN LEASE – There are just under ±9 years remaining on the NNN lease with 3% annual increases and three (3), five (5) year options to extend the lease.
SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION – The lease features 3% annual rental escalators, 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.
VERY PASSIVE LEASE STRUCTURE – There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.
TENANT INVESTMENT IN LOCATION – Pet Hospitals rarely relocate due to the difficulty of retaining the same patients in a new location and the high costs associated with moving and build outs.
PRIME LOCATION – The ±2,201 SF practice is well positioned off Center Road with direct street frontage and easy access from the main thoroughfare, seeing more than ±11,200 vehicles per day. The property benefits from convenient access to Interstate 376, providing connectivity to major cities including Pittsburgh, PA just ±15-miles away.
CONCENTRATED CORRIDOR – The property is surrounded by a mix of residential communities, schools, parks, hospitals, and major retailers including Target, Giant Eagle, Lowes, Marshalls, LA Fitness, At Home, and Monroeville Mall just ±2 miles away.
FAVORABLE DEMOGRAPHICS – The asset caters to nearly 130k residents within a 5-mile radius of the site who boast an average household income of over $86k.
COMPREHENSIVE SERVICES | MULTI-DOCTOR LOCATION – Monroeville Pet Hospital offers a range of veterinary services including dental, radiology, dermatology, cardiology, tonometry, ultrasounds, and endocrinology services. Its diverse revenue streams provide stability and potential for growth in various service areas.
COMMUNITY VETERINARY PARTNERS | CORPORATE GUARANTEE – CVP is a network of veterinary hospitals dedicated to providing management, operations, and financial support to veterinary professionals with more than 140 animal practices, emergency hospitals, and specialty clinics across the country.
ROBUST GROWTH INDUSTRY – The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.

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Kyle Matthews