201 School House Dr Hedgesville, WV 25427-5806
- Specialty properties
- 0.91 lot acres
Jun 14, 2022
Current Use by Public Records
- Ark Animal Clinic / Veterinary Clinic
Property Details for 201 School House Dr
- Lot size
- 0.91 lot acres
- Property type
- Specialty properties
- APN
- 02-05- 1-0060.0001
- APU
- 205100600001
Description
This exceptional investment opportunity presents a fee-simple, 5,121-square-foot medical office building in Hedgesville, West Virginia. Located at 201 School House Dr, 25427, this single-tenant property is 100% occupied by Veterinary Innovative Partners under an absolute triple-net (NNN) lease with a corporate guarantee. The current lease term commenced June 7, 2022, and has a remaining term of 7.6 years, expiring June 30, 2032, with a single 5-year option period featuring 2% annual rent bumps. The asking price is $970,588, representing a price per square foot of $189.53 and an attractive 8.50% cap rate based on a current Net Operating Income (NOI) of $82,500. The property sits on a 0.91-acre lot. This investment offers significant upside potential, given the strong performance of the veterinary services market, which is considered recession-resistant and demonstrates consistent growth fueled by increasing pet ownership and healthcare spending. The tenant's financial performance is exceptionally healthy. The absolute net lease structure ensures the tenant handles all property taxes, insurance, and maintenance, minimizing operational responsibilities for the owner. This presents a compelling opportunity for investors seeking a stable, high-yield asset in a growing sector.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $940,000
- ML approach
- $1,000,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hedgesville
- County
- Berkeley
- State
- West Virginia
- Longitude
- -77.9917
- Latitude
- 39.5539
- CBSA code
- 25180
- CBSA name
- HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
