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Animal hospital for sale with real estate in South Jersey. This business is located on a corner property of a main highway with strong demographics. Well established for 25 years. Practice was completely remodeled and updated with all new interior within the last 5 years. This is a turn key operation.
700 square feet, equipment in good condition. Good neighborhood, no nearby competition. Has lottery. A bargain.Â
Opportunity to purchase a "special purpose" property, so you would be able to write off approximately $1.4 million of the $1.885 million (everything except the land value) in the first year. That loss can be used to offset other real estate income you have this year which is a great benefit! The loss can also be carried forward to use against future income if you don't use it all in 2025. In addition to the tax benefit, you would get a 7% cash on cash return from day one based on the 132k triple net rent. The tenant takes care of 100% of all costs associated with the property so there's no responsibility on the landlord. *Cash buyer only*
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