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Heart + Paw Veterinary Hospital 915 S Talbot St

1,348 SF Office Building Saint Michaels, MD 21663 $632,106 CAD ($469 CAD/SF) 6.65% Cap Rate

Office Space Maryland Saint Michaels 915 S Talbot St, Saint Michaels, MD 21663

Investment Highlights

  • Long-Term Operating History The subject property has been operating as a veterinary clinic for over 30+ years.
  • Strong Rental Increases The lease features 2.00% annual increases. Rent increases help property owners keep up with inflation
  • Strong Guarantee The lease features a corporate guarantee from Heart + Paw

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Heart +
Paw Veterinary Hospital located at 915 S Talbot St., St. Michaels,
MD 21663. The site consists of roughly 1,348 rentable square feet
of building space on an estimated 0.2-acre parcel of land. This
Heart + Paw Veterinary Hospital is subject to a 7 Years-year
Double Net (NN) lease, which commenced 1/31/2022. The
current annual rent is $29,952 and has scheduled increases of
2.00% Annually.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,348 SF
Building Class
C
Year Built
1940
Price
$632,106 CAD
Price Per SF
$469 CAD
Cap Rate
6.65%
NOI
$42,035 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,348 SF
Building FAR
0.15
Land Acres
0.20 AC
Parking
3 Spaces (1.48 Spaces per 1,000 SF Leased)
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PROPERTY TAXES

Parcel Number 02-060043 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $378,281 CAD

PROPERTY TAXES

Parcel Number
02-060043
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$378,281 CAD
(332) 345-4222

  • Listing ID: 33052862

  • Date on Market: 2024-09-04

  • Last Updated:

  • Address: 915 S Talbot St, Saint Michaels, MD 21663

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Heart + Paw Veterinary Hospital | 915 S Talbot St
(332) 345-4222 x

Heart + Paw Veterinary Hospital | 915 S Talbot St

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Edward Otocka

(332) 345-4217

(332) 345-4217

Kyle Karsian

(332) 345-4271

(332) 345-4271

Francis Purritano

(332) 345-4311

(332) 345-4311

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