April 3, 2020 – Matthew Patrick of Horvath & Tremblay has successfully completed the sale of Jones Veterinary Hospital (SVP) in Andalusia, Alabama. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $725,000.
Jones Veterinary Hospital (SVP) is located at 1118 Sanford Road in Andalusia. Jones Veterinary Hospital (SVP) has occupied the 5,724 square foot stand-alone building since its construction in 2005. Jones Veterinary hospital (SVP) has approximately 2 years of term remaining on a triple net (NNN) lease followed by two, 5-year renewal options. The lease calls for 3.0% annual rent increases throughout the base term and both option periods. Jones Veterinary Hospital (SVP) is extremely well located along Sanford Road (US 84), which runs through the primary trade area in the city of Andalusia and is less than 0.3 miles from a Walmart Supercenter anchored plaza. The property enjoys excellent frontage along Sanford Road which sees over 17,500 vehicles per day.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.