225 3Rd StArlington, NE 68002

Property Details for 225 3Rd St

Year built

2010

Lot size

0.19 AC

Property size (Sq ft)

1,856 SF

Zone code

03-COMMERCIAL

Property type

Specialty properties

APN

890034265

APU

890034265

Description

Exceptional investment opportunity in Arlington, Nebraska, featuring a 1,856 square foot veterinary office building on a fee-simple basis. This single-tenant, absolute NNN lease with Alliance Animal Health, a national operator with over 200 partner practices, boasts a strong 8.75% cap rate and $41,734 annual NOI. The lease commenced February 1, 2019, and expires January 31, 2029, with two five-year renewal options and 3% annual rent increases. Built in 2010, the property enjoys 100% occupancy and benefits from the recession-resistant nature of the veterinary healthcare industry. The asking price is $476,960, translating to $256.98 per square foot. This property presents a stable, passive income stream with built-in inflation protection, making it ideal for 1031 exchange investors. The tenant, Arlington Pet Hospital, has a long-standing presence in the community, offering comprehensive veterinary services. Alliance Animal Health's substantial size and national presence further enhance the investment's security and potential for long-term growth. The property is located at 225 N 3rd St, Arlington, NE 68002. This is a rare opportunity to acquire a high-performing, passively managed asset in a growing sector.

• Alternative Use

  Use

  Valuation

  Residential

  $332,259

  Hospitality

  $304,347

  Educational

  $253,213

  Medical

  $261,922

  Retail

  $393,888

Location Insight

City

Arlington

County

Washington

State

Nebraska

Latitude

41.4519

Longitude

-96.3514

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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