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28858013
28858012

3113 Beachwood Dr, Merced, CA 95348

MM
CA CA 01982943
Matthews
AE
CA - 0255475, (CA) -02055475
Matthews
RC
CA 01986299
Matthews
Listed by Matthews
$1,600,000
89 days on market
Updated 60 days ago

Santa Fe Pet Hospital | PetVet Care Centers (400+ Locations)

Details
Property Type Office
Sub Type Medical Office, Animal (+1)
Square Footage 8,000
Cap Rate 7.74%
NOI $123,798
Occupancy 100%
Tenancy Single
Brand/Tenant PetVet Care Centers
Lease Type NNN
Lease Term 5
Lease Expiration 02/01/2030
Remaining Term 4
Rent Bumps Yes
Lease Options Two, 5 Year Options
Price per SqFt $221
Broker Co-Op Yes
Year Built 1999
Buildings 1
Stories 1
Acreage 1.600
Investment Type Net Lease
Lease Commencement 02/01/2020
Ground Lease No
Ownership Fee Simple

Merced, CA | National Tenant

Investment highlights

  • Stable Investment – The property is backed by a long-term NNN lease with over 4 years remaining and dependable 3% annual rent increases, providing consistent income growth and long-term security for investors.

  • Scheduled Rental Increases | Hedge Against Inflation – The lease features 3% annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.

  • Healthcare Real Estate | Recession Resistant Property – Veterinary Hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.

  • Prime Location – The ±8,000 SF practice is extremely well located along Beachwood Dr, offering excellent visibility and easy access to major transportation routes, including CA-99 and SR-59. This asset benefits from favorable demographics, with a population of over 137,000 within a 5-mile radius of the site.

  • Comprehensive Services | Multi-Doctor Location – PetVet Care Centers provides comprehensive, high-quality veterinary care through a network of locally led hospitals supported by experienced clinicians and staff. With a broad range of medical, surgical, and preventive services, PetVet delivers consistent, dependable care for pets and their families. Its integrated, multi-hospital model promotes long-term stability while enabling continued growth across general practice, specialty, and emergency services.

Listing Contacts

MM
CA CA 01982943
Matthews
AE
CA - 0255475, (CA) -02055475
Matthews
RC
CA 01986299
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$123,798.00
$10,316.50/mo

Valuation Metrics

0
DSCR
7.74%
Cap Rate
7.74%
ROI

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Additional Information

Name
David Harrington
License
License NO. 02168060, 01320460 (CA)
Title
Broker of Record
Name
Michael Moreno
License
CA 01982943
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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