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223 Siebert RdPittsburgh, PA 15237
VCA Animal Hospital
Asset ClassRetail, Healthcare Facility
Land4.2 Acres
Parking Spaces: 20 SpacesSquare Feet: 13,795Year Built: 1948Access Data Room
overview of deal

Overview

SVN Three Rivers Commercial Advisors is pleased to present for sale 223 Siebert Road in Pittsburgh. This property is leased to Northview Animal Hospital which is owned and operated by VCA, a national vet operator with over 1000 locations across the country. Northview Animal Hospital was founded in 1978 and is a long established and well respected full service veterinary hospital in the area. Located just off of McKnight Road, this site is in the heart of the busy retail corridor leading up to the nearby Ross Park Mall. This deal presents a great opportunity to acquire a triple net investment property with a well established history and backing of a national tenant.

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Investment Highlights

  • Stable turn-key investment with just over 4 years remaining on a NNN lease with two 5 year options to extend.
  • Scheduled rental increases, a strong hedge against inflation.
  • Purpose built, well established business.
  • Prime location along major retail corridor in Ross Twp.
  • NOI = $432,797.93
  • 7.75% Cap Rate
223 Siebert RdPittsburgh, PA 15237

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Listing provided by Revere CRE