17120 Placer Hills Rd - Veterinarian/Kennel FOR SALE


Meadow Vista, CA 95722
$1,950,000 USD
707-636-0146
17120 Placer Hills Rd, Meadow Vista, CA for Sale
$1,950,000 USD
Veterinarian/Kennel - FOR SALE
1/4
null | 6.27% Cap Rate

17120 Placer Hills Rd
Meadow Vista, CA 95722


HIGHLIGHTS

  • Safe, Passive Single-Tenant NNN Investment Opportunity
  • Long-Term Lease with Standard & Poor "A" Credit Rating
  • Long Established (1948), Recession-Proof, Corporate-Backed Veterinary Tenant
  • Zero Foreseeable Expenses
  • Beautiful Meadow Vista, CA Location

OVERVIEW

Meadow Vista Veterinary Clinic has been providing families and their pets with compassionate vet care since 1948. MVVC was recently acquired by and became part of “PetVet Care Centers” who owns over 450 PetVet Care Centers and hospitals nationwide. In 2019, PetVet Care Centers was acquired by KRR (NYSE: KRR), a New York-based equity firm that owns and manages a wide variety of assets and investments. It is one of the largest alternative asset managers in the world with $510 billion in total assets, including $415 billion in fee-earning assets under management. KKR has a Standard and Poor’s credit rating of “A” and has a current market cap of over $68 billion. The recent remodel was a complete redo. Additions included a 700 sq. ft. expansion of the lobby, brand new grooming and boarding facilities, new roof and HVAC units, multiple private offices, Lab, Pharmacy, Radiology, Dental suite, expanded break room, new flooring, lighting, and paint (interior and exterior). Wells Construction completed the redo at an expense of over $750,000.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$536 USD /SF

CAP RATE

6.27%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

OP-B-40-DC

APN/PARCEL ID

074-162-013

ASK ABOUT THIS PROPERTY

Mike ThomasonKeegan & Coppin Company, Inc.More Info
707-636-0146

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Mike ThomasonKeegan & Coppin Company, Inc.More Info
707-636-0146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.