409 E Jamestown Rd Greenville, PA 16125

Property Details for 409 E Jamestown Rd

Lot size

3.46 lot acres

Property type

Commercial real estate

APN

31 030 050

APU

31030050

Description

This exceptional investment opportunity presents a fee-simple, Class A, 7,221 square foot medical office building in Greenville, Pennsylvania. Currently 100% occupied by VetCor, a national veterinary services operator with over 890 units across the US and Canada, the property boasts a strong 10-year Net Lease (NN) with 6 years remaining. The lease features a modified net structure with minimal landlord responsibilities, providing a passive income stream. The current rent is below market, offering significant upside potential upon lease renewal or future tenant acquisition. Annual rent bumps of 2% are built into the lease, providing inflation protection. The property consists of two buildings and is strategically located on E Jamestown Rd, offering easy access to Interstate 79 and proximity to major national retailers like Walmart and Tractor Supply Co. The $739,691 asking price reflects an attractive 8.90% cap rate, based on a current Net Operating Income (NOI) of $65,865. The lease includes two 5-year renewal options, further enhancing the long-term stability of this investment. The veterinary industry's robust growth and the property's inherent resilience to economic downturns make this a compelling opportunity for investors seeking a stable, high-yield asset. The property's location provides convenient access to the surrounding market and benefits from its position along a major transportation route.