Listed by Bang Realty, The Boulder Group
$2,166,845
Valley Animal Hospital (VetCor)
Details
Property Type Office, Retail
Sub Type Veterinary
Square Footage 4,998
Cap Rate 8%
NOI $173,318
Occupancy 100%
Tenancy Single
Brand/Tenant Valley Animal Hospital
Lease Type NN
Lease Expiration 11/30/2030
Remaining Term 4.4
Rent Bumps Yes
Lease Options Two 5-year
Price per SqFt $434
Year Built 1997
Acreage 0.550
Investment Type Net Lease
8.00% Cap Rate | VetCor | 111,000 People in 5 Miles
Investment highlights
VetCor operates 900 locations across the United States and Canada
Established community veterinary clinic serving Merced and surrounding areas since 1985
E-commerce & recession resistant tenant
Corporate guaranty
Annual rental escalations based on CPI
No veterinary competition in the immediate area of Merced
Located along West 16th Street (28,000 VPD) & just off State Route 99 (51,000 VPD) and G Street (33,000 VPD)
111,000+ people live within a five-mile radius
Average household income exceeds $82,000 within five miles
Nearby retailers include Costco, Smart & Final, In-N-Out Burger, Starbucks, Taco Bell, Wendy’s, Popeyes, & several others
Local traffic draws include Yosemite-Independence High School and Merced County Fairgrounds
Listing Contacts
Listed by Bang Realty, The Boulder Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$173,318.00
$14,443.17/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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Property History
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