Veterinary Hospital Triple-Net
981 S McPherson Church Rd Fayetteville, NC 28303
For Sale
Contact for pricing
2019-built, 100% leased veterinary hospital property on 2.09 acres with a triple-net structure and corporate guarantee.
Property Size12,000 SF
Lot Size2.09 Acres
Price / SF$430.83
Days on Market44
Property Features for 981 S McPherson Church Rd
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 2.09 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2019
Listing Agency:
Marcus & Millichap - Chicago Downtown
(312) 787-0666
Listed By:
Frank Roti · License #IL 475.139806
Source:
Crexi
Added: Jun 10
Changed: Jul 23
Last Checked: Jul 23 at 12:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
Constructed in 2019, this veterinary hospital offers approximately 12,000 square feet of medical and operational space and is situated on 2.09 acres. The property is 100% leased to Highland Animal Hospital under a triple-net lease structure with 2.5% annual rental increases and one 5-year renewal option. The lease is backed by a corporate guarantee from AmeriVet Veterinary Partners.
Located along McPherson Church Road in Fayetteville, the facility benefits from access to a major north-south commercial and residential corridor. The roadway connection provides convenient regional connectivity to several major transportation routes, including Raeford Road (U.S. 401), Cliff Dale Road, Skibo Road, and nearby Interstate 295, along with the All-American Freeway.
Highland Animal Hospital is a full-service veterinary practice providing services including wellness care, surgery, dental procedures, diagnostics, preventative medicine, boarding, and emergency treatment. AmeriVet Veterinary Partners, headquartered in San Antonio, operates more than 200 veterinary hospitals across 35 states and has approximately 12 years remaining on the initial 15-year lease term.
Located along McPherson Church Road in Fayetteville, the facility benefits from access to a major north-south commercial and residential corridor. The roadway connection provides convenient regional connectivity to several major transportation routes, including Raeford Road (U.S. 401), Cliff Dale Road, Skibo Road, and nearby Interstate 295, along with the All-American Freeway.
Highland Animal Hospital is a full-service veterinary practice providing services including wellness care, surgery, dental procedures, diagnostics, preventative medicine, boarding, and emergency treatment. AmeriVet Veterinary Partners, headquartered in San Antonio, operates more than 200 veterinary hospitals across 35 states and has approximately 12 years remaining on the initial 15-year lease term.
Key Highlights
- 2019‑built, approximately 12,000 SF Highland Animal Hospital on 2.09 acres in Fayetteville, NC
- 100% leased property to Highland Animal Hospital under a triple‑net lease with 2.5% annual rental increases
- Lease includes a one 5‑year renewal option and is backed by a corporate guarantee from AmeriVet Veterinary Partners
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $244.8k | $20.40 |
| − Vacancy | −$49.2k | −$4.10 |
| EGI | $195.6k | $16.30 |
| − OpEx | −$48.9k | −$4.07 |
| NOI | $146.7k | $12.22 |
12,000 SF · lease $20.40/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.10M
$1.83M – $2.44M
NOI $146,696 @ 7.0% cap · market cap 2.84%
Second Best
Healthcare Medical
$1.78M
$1.56M – $2.07M
NOI $124,416 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,090 @ 7.0% cap · market cap 3.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Highland Animal Hospital
Veterinary Clinic
Josh Barkman DVM
Veterinary Clinic
Highland Animal Hospital: ...
Veterinary Clinic
FAQs
What type of property is this?
Medical center - 2019-built, 100% leased veterinary hospital property on 2.09 acres with a triple-net structure and corporate guarantee.
Where is this medical center located?
The property is located at 981 S McPherson Church Rd Fayetteville, NC.
What is the asking price?
The asking price for this property is $5,170,000.
What are key features of this property?
This property features: 2019‑built, approximately 12,000 SF Highland Animal Hospital on 2.09 acres in Fayetteville, NC; 100% leased property to Highland Animal Hospital under a triple‑net lease with 2.5% annual rental increases; Lease includes a one 5‑year renewal option and is backed by a corporate guarantee from AmeriVet Veterinary Partners
