58 W 16th St - Veterinarian/Kennel FOR SALE


Merced, CA 95340- Downtown Merced
$2,166,845 USD
847-664-9557
58 W 16th St, Merced, CA for Sale
$2,166,845 USD
Veterinarian/Kennel - FOR SALE
1/4
null | 8% Cap Rate

58 W 16th St
Merced, CA 95340
Downtown Merced


HIGHLIGHTS

  • VetCor operates 900 locations across the United States and Canada
  • Established community veterinary clinic serving Merced and surrounding areas since 1985
  • Annual rental escalations based on CPI
  • No veterinary competition in the immediate area of Merced
  • Located along West 16th Street (28,000 VPD) & just off State Route 99 (51,000 VPD) and G Street (33,000 VPD)
  • 111,000+ people live within a five-mile radius

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single-tenant net leased Valley Animal Hospital (VetCor) in Merced, California. The practice has operated in Merced since 1985 and has occupied this location since 1997. The tenant recently exercised a renewal option extending the lease through November 2030, with two additional ?ve-year renewal options remaining. The lease features annual rental escalations equal to the greater of 2% or CPI (capped at 4%) and is backed by a corporate guaranty from VetCor Group Holdings Corp (900 Locations). The 4,998 square-foot building is located along West 16th Street, which carries approximately 28,000 vehicles per day, and bene?ts from close proximity to G Street (33,000 VPD) and State Route 99 (51,000 VPD). More than 111,000 residents live within a ?ve-mile radius, with average household incomes exceeding $82,000. Notably, despite this dense population in Merced’s central and most populated area, there is a relative lack of immediate veterinary competition, with only one other full-service clinic within the city. The property is surrounded by national retailers including Costco, Smart & Final, In-N-Out Burger, Starbucks, Taco Bell, Wendy’s, and Popeyes, among others. Additional traffic drivers include Yosemite–Independence High School and the Merced County Fairgrounds. VetCor, founded in 1997 and headquartered in Norwell, Massachusetts, is a leading veterinary services company that operates as a collaborative network of community-focused animal hospitals across the United States and Canada. With over 900 unique locations and more than 15,000 team members, including thousands of veterinarians and support staff, VetCor supports independent veterinary practices by providing administrative, marketing, human resources, training, and operational assistance while preserving each hospital’s local identity, culture, and autonomy. The company’s mission is to enhance the health and well-being of pets and the people who care for them, emphasizing compassionate general medical and surgical care, preventive wellness services, and a positive work environment for veterinary professionals.

FOR SALE DETAILS

PRICE

$2,166,845 USD

PRICE/SF

$408 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valley Animal Hospital (VetCor)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

C-G

APN/PARCEL ID

031-360-056

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-664-9557

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John FeeneyThe Boulder GroupMore Info
847-664-9557

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