2446 N Schnoor St - Veterinarian/Kennel FOR SALE


Madera, CA 93637
$2,094,219 USD
323-609-4405
2446 N Schnoor St, Madera, CA for Sale
$2,094,219 USD
Veterinarian/Kennel - FOR SALE
1/3
null | 7.75% Cap Rate

2446 N Schnoor St
Madera, CA 93637


HIGHLIGHTS

  • MORE THAN 3 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF SCHNOOR AVENUE
  • LIMITED LANDLORD RESPONSIBILITIES | LOW-MANAGEMENT

OVERVIEW

TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Madera Veterinary Center investment property located in Madera, California. The Tenant, VetCor, has over 3 years remaining in their initial term with three 5-year 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. Established in 1997, Vetcor has constructed a community-centric veterinary services company that supports over 845 practices across the United States and Canada. Madera Veterinary Center is strategically located on Schnoor Avenue. The site benefits from superior visibility via significant street frontage and a facade sign situated along Schnoor Avenue. It shares this busy Madera area with businesses like Home Depot and Starbucks. The location benefits from the frequent street traffic of Avenue 16, which sees 7,288 vehicles daily. The 5-mile trade area is supported by a population of 87,633 and 17,815 daytime employees with an average household income of $90,345.

FOR SALE DETAILS

PRICE

$2,094,219 USD

PRICE/SF

$499 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CRG

APN/PARCEL ID

013-230-001

ASK ABOUT THIS PROPERTY

Brian WineTWGREMore Info
323-609-4405

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Brian WineTWGREMore Info
323-609-4405

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