$1,350,000

10-YEAR EXTENSION OF ESTABLISHED VET HOSPITAL – Lynn Animal Hospital has operated here successfully since 1946. In July 2023, the Tenant, SVP Lynnah, LLC, elected to extend the term of its lease for 10 years. A minimal concession was provided as inducement for the extension; Landlord removed the 3% annual rental increases in exchange for a rental increase of 8% percent in 2028, and 2% annual increases during the five-year option period. This is a strong indication of the tenant’s commitment to the location, and evidence of its profitability. PROXIMATE TO LARGE-SCALE DEVELOPMENT – The property is within 1.5-miles of considerable large-scale development in all four cardinal directions. This includes the Mall at Prince George’s to the west which was renovated/expanded in 2018-2019 and has immense residential development planned around its metro accessible location; The Station at Riverdale Park to the north, anchored by the County’s first Whole Foods; The Headen Spring Mixed-Use Development and Riverdale Purple Line station to the east; and the $200 Million Arts District revitalization to the south, with popular venues like by Busboys and Poets. This location is also 0.3-miles to the Riverdale MARC station, one-mile west of the Hyattsville Crossing Green Line Metro station, and one-mile east of the much-anticipated Purple Line’s Riverdale Park-Kenilworth station. All of these projects will provide a direct lift to property values in the market, and ikely lead to the eventual redevelopment of this site.