Listed by Tri-Oak Consulting Group
$955,000
VCA Adams Animal Hospital
Details
APN 6835-50-6807.000
Property Type Retail, Office
Sub Type Storefront, Medical Office
Square Footage 2,430
Cap Rate 7.49%
NOI $71,535
Tenancy Single
Lease Type NN+
Lease Expiration 06/30/2031
Rent Bumps Yes
Lease Options One, 5-Year Option
Year Built 1965
Year Renovated 2012
Acreage 0.410
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/2026
Ground Lease No
Ownership Fee Simple
Retail | 7.49% CAP | 2,430 SqFt | Strong Retail Corridor
Investment highlights
- Recent Renewal - Tenant recently extended for 5 years + added a 5 year option
- Annual CPI Rent Increases - Lease has a built-in inflation hedge (2.87% avg annual increase over the past 3 years)
- Medical-Based Use - Service-oriented and internet-resistant tenant profile
- Strong Retail Corridor - National credit tenants like McDonald's, Advance Auto Parts, Walmart, Tractor Supply Co are all nearby
- Corporate Guaranty - VCA is backed by Mars Inc., providing institutional-level credit strength and possibly the strongest in the net lease vet world today
- Low Rent Opportunity - Future rent growth potential with built in upside
- Proven Operating History - 47 years as a veterinary clinic
- Preferable Income Levels - 5-mile average household income is ~$85,000
Listing Contacts
Listed by Tri-Oak Consulting Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$71,535.00
$5,961.25/mo
Valuation Metrics
0
DSCR
7.49%
Cap Rate
7.49%
ROI
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