11140 SW 68th Pky
Tigard, OR 97223
Tigard Triangle
HIGHLIGHTS
- Single-Tenant Veterinary Facility Leased to PetVet Care Centers, One of the Nation’s Largest Veterinary Networks
- 450+ General, Specialty, and Emergency Hospitals Across 40+ U.S. States
- 10 Years, 3 Months Remaining; 1.80% Annual Increases; NNN lease; Corporate Guarantee
- Service-Based, Recession-Resistant Asset Class
- Strategically Located in the Portland, Oregon MSA, a Top 10 Market in the U.S. for Veterinary Demand
- Pet Hospitals are “Sticky” Tenants — Costly to Relocate and Patient Retention is Location-Dependent
FOR SALE DETAILS
PRICE
$5,298,000 USD
PRICE/SF
$551 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
PetVet Care Centers | Tigard, OR
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Veterinarian/Kennel
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
1.22 AC
LAND SF
53,143 SF
ZONING
C-G
APN/PARCEL ID
R2093438
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858-313-0575
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