VCA Country Oaks Animal Hospital | NNN Leased | 5 years
Retail | 5.98% CAP | 6,855 SqFt
Marketing description
We are pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, VCA Country Oaks Animal Hospital investment property located in Sacramento, California. The Veterinary Tenant, VCA, has over 5 years remaining in their initial term with 2 (two) 5 - years options to extend. The lease features annual rental increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 1986, VCA is a family of animal hospitals dedicated to creating a positive impact for pets, people, and communities. They prioritize the well-being of every pet, extending their care beyond the hospitals they operate.
VCA Country Oaks Animal Hospital is strategically located on Fair Oaks Boulevard. The site benefits from superior visibility via significant street frontage and a monument sign situated along Fair Oaks Boulevard. It shares this busy Sacramento area with businesses like Whole Foods Market, Lifetime Fitness, Starbucks. The location benefits from the frequent street traffic of Fair Oaks Boulevard, which sees 9,592 vehicles daily. The 5-mile trade area is supported by a population of (# 310,112 and 147,158 daytime employees and within 1-mile an average household income of $221,063.
Investment highlights
• VCA has 5 years remaining in their initial term, AT&T has 1 year remaining on their inital term
• VCA has 2 5-Year options to extend, AT&T has 4 5-Year options to extend
• VCA’s lease features annual rental increases of 2%, AT&T’s lease features annual rental increases of 2.5%
• Founded in 1986, VCA is a family of animal hospitals dedicated to creating a positive impact for pets, people, and communities. They prioritize the well-being of every pet, extending their care beyond the hospitals they operate.
• Superior street visibility via significant street frontage and a large monument sign situated along Fair Oaks Blvd
• Strategically located off of Fair Oaks Blvd, which averages 9,592 vehicles passing by daily
• More than 310,112 residents and over 147,158 employees support the 5-mile trade area
• Those within 1-mile of the subject property boast an affluent average household income of $221,063
• Populated business thoroughfare shared with Whole Foods Market, Lifetime Fitness, Starbucks
• NNN lease with limited landlord responsibilities of the foundations and structural elements
• Ideal, low-management for a passive investor
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