For Sale
$1,533,600

920 Washington BlvdWilliamsport, PA 17701

High-yield veterinary clinic, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 7,384 square foot retail property in Williamsport, Pennsylvania, currently leased to NVA Golden Strip Veterinary Management, LLC, the nation's largest Veterinary Service Organization (VSO). The property boasts a 15-year net lease (commencing June 26, 2022, expiring June 25, 2037), offering a substantial remaining lease term of 13 years. The lease includes built-in rent increases of 10% in 2027 and 2032, providing excellent protection against inflation. The property features a 6.50% cap rate and a strong net operating income (NOI) of $99,684, with a price per square foot of $207.69. Built in 2007 and renovated in 2022, this single-tenant property sits on a 0.58-acre lot and includes 30 parking spaces. Located at 920 Washington Blvd, Williamsport, PA 17701, the property benefits from a prime location within a community of over 58,000 people within a 5-mile radius. The property is zoned C and enjoys 100% occupancy. This is a rare opportunity to acquire a stable, high-performing asset within a growing market, anchored by a financially robust and reputable national tenant. The Williamsport Animal Hospital is the only VSO-operated facility among only three veterinary clinics in the area. NVA's commitment to a doctor-centric approach ensures the long-term success of this valuable asset.

Highlights

  • $1,533,600 asking price for a 7,384 SF retail property.
  • Net lease with NVA Golden Strip Veterinary Management, LLC.
  • 13-year remaining lease term (15-year lease, commenced 6/26/2022).
  • $207.69 price per square foot.
  • 6.50% cap rate with a $99,684 NOI.

Property Details for 920 Washington Blvd

Property type
Retail properties
Square Feet
7,384 SF
Year Built/Renovated
2007/2022
Lot Size (sq. ft)
25,265 SF

Location Insight

City
Williamsport
County
Lycoming
State
Pennsylvania
Latitude
41.2482846
Longitude
-76.9861857
920 Washington Blvd, Williamsport, Pennsylvania

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920 Washington Blvd
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