79 Theophilus F Smith Rd Dennis, MA 02660

Property Details for 79 Theophilus F Smith Rd

Year built

2005

Lot size

0.92 lot acres

Property size

9,724 SF

Property type

Retail properties

Property subtype

Office Properties & Spaces

Description

This exceptional investment opportunity presents a 9,724 square foot, multi-tenant retail property located at 79 Theophilus F Smith Rd, Dennis, MA 02660. The property, built in 2005 and situated on a 0.92-acre lot, boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $130,877. Currently 100% occupied by three tenants: United Veterinary Care, Caresave, Inc. - Dog Rehab, and Tail Waggin' Dog Training, this property offers a stable and lucrative investment. United Veterinary Care, a premier corporate operator with over 115 locations nationwide, occupies a significant portion of the space. The veterinary services market demonstrates impressive growth, with an 11.40% increase since 2019 and projections reaching $56.6 billion by 2029. This location is a top performer, exhibiting an exceptionally low rent-to-sales ratio. The property features a full sprinkler system, resulting in a low insurance premium for the owner. The strong demographics of the area, with nearly 50,000 people within a 5-mile radius and an average household income of $101,000, further enhance the investment potential. A significant value-add opportunity exists as the primary tenant recently exercised their final lease option, presenting future upside potential through lease renegotiation. The property's modified lease structure offers flexibility. This is a rare opportunity to acquire a high-performing, recession-resistant asset in a desirable location.

Location Insight

City

Dennis

County

Barnstable

State

Massachusetts

Longitude

-70.1453

Latitude

41.6928