HIGHLIGHTS
- Vetcor is one of the largest veterinary operators in North America, with 900+ practices across the US and Canada since its founding in 1997.
- 9 years of continuous veterinary operation at this location with Vetcor operating since 2023.
- Triple Net (NNN) in-place rent of $11.47 PSF sits well below the Triple Net (NNN) $16.00 PSF market rate.
- Comprehensive care including wellness and nutrition, microchipping, dermatology, diagnostics, dental, surgical procedures, on-site pharmacy Etc.
- A 4.8-star average across 464 reviews demonstrates strong client loyalty and a consistently high standard of care.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 7,123 SF VetCor located at 27 13th Avenue NE in Hickory, NC. VetCor, one of North America's largest veterinary operators with over 900 locations, has operated at this site since 2023, continuing nearly 9 years of veterinary use at the property. Backed by leading institutional investors, the asset benefits from strong tenant credit and an in-place rent of $11.47 PSF with a Triple Net (NNN) Lease, which is below the estimated $16.00 PSF market rate, providing future upside potential.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
FOR SALE DETAILS
PRICE
$1,185,185 USD
PRICE/SF
$166 USD /SF
CAP RATE
6.89%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
VetCor - Hickory NC
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Freestanding, Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1953
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.65 AC
LAND SF
28,314 SF
ZONING
OFF
APN/PARCEL ID
3703116549930000
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770-672-5564
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