2500 E Myer Ave - Veterinarian/Kennel FOR SALE


Exeter, CA 93221- Exeter/Farmersville
$3,204,000 USD
323-609-4405
2500 E Myer Ave, Exeter, CA for Sale
$3,204,000 USD
Veterinarian/Kennel - FOR SALE
1/5
null | 7.53% Cap Rate

2500 E Myer Ave
Exeter, CA 93221
Exeter/Farmersville


HIGHLIGHTS

  • LESS THAN 1 YEAR REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF E MYER AVE | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • 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, Pacific Crest Equine & Pacific Crest Companion Animal Veterinary Hospital investment property located in Exeter, California. The Tenant, PetVet, has less than 1 year remaining in their initial term with two (2) 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. With more than 450 locally-led General Practice, Speciality, Emergency, and Equine hospitals, PetVet Care Centers offers outstanding care across the country. Pacific Crest Equine & Pacific Crest Companion Animal Veterinary Hospital is strategically located on E Myer Avenue. The site benefits from superior visibility via significant street frontage and a monument sign situated along E Myer Avenue. It shares this busy Exeter area with businesses like Starbucks, Mc Donalds, A&W, Taco Bell, and Subway. The location benefits from the frequent street traffic of E Myer Avenue, which sees 6,084 vehicles daily. The 5-mile trade area is supported by a population of 24,648 and 6,084 daytime employees with an average household income of $111,073.

FOR SALE DETAILS

PRICE

$3,204,000 USD

PRICE/SF

$294 USD /SF

CAP RATE

7.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PetVet - Pacific Crest Equine | NNN | 1 Year

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

19.6 AC

LAND SF

853,930 SF

ZONING

AE-20

APN/PARCEL ID

137-050-016-000,137-050-019-000

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 Notice.