225 3Rd StArlington, NE 68002

For Sale
$476,960

Arlington, NE: 1,856 SF NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity in Arlington, Nebraska, featuring a 1,856 square foot veterinary office building on a fee-simple basis. This single-tenant, absolute NNN lease with Alliance Animal Health, a national operator with over 200 partner practices, boasts a strong 8.75% cap rate and $41,734 annual NOI. The lease commenced February 1, 2019, and expires January 31, 2029, with two five-year renewal options and 3% annual rent increases. Built in 2010, the property enjoys 100% occupancy and benefits from the recession-resistant nature of the veterinary healthcare industry. The asking price is $476,960, translating to $256.98 per square foot. This property presents a stable, passive income stream with built-in inflation protection, making it ideal for 1031 exchange investors. The tenant, Arlington Pet Hospital, has a long-standing presence in the community, offering comprehensive veterinary services. Alliance Animal Health's substantial size and national presence further enhance the investment's security and potential for long-term growth. The property is located at 225 N 3rd St, Arlington, NE 68002. This is a rare opportunity to acquire a high-performing, passively managed asset in a growing sector.

Highlights

  • Stable investment: Absolute NNN lease with two, five-year renewal options and 3% annual rent increases.
  • Lease features 3% annual rent increases, hedging against inflation.
  • Passive investment; ideal for 1031 exchange; $476,000 price point.
  • Recession-resistant veterinary healthcare property.
  • Tenant unlikely to relocate due to patient retention and moving costs.
  • Arlington Pet Hospital, established in 1918, is the city's only veterinary hospital.

Property Details for 225 3Rd St

Property type
Other retail properties, Other office properties
Square Feet
1,856 SF
Year Built
2010

Location Insight

City
Arlington
County
Washington
State
Nebraska
Latitude
41.4518511
Longitude
-96.3512413
225 3Rd St, Arlington, Nebraska

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225 3Rd St
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