6162 Magnolia Ave - Veterinarian/Kennel FOR SALE


Riverside, CA 92506- Magnolia Center
$2,000,000 USD
323-609-4405
6162 Magnolia Ave, Riverside, CA for Sale
$2,000,000 USD
Veterinarian/Kennel - FOR SALE
1/6
null | 7.03% Cap Rate

6162 Magnolia Ave
Riverside, CA 92506
Magnolia Center


HIGHLIGHTS

  • MORE THAN 1 YEAR REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF MAGNOLIA AVE | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • ZERO 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, Riverside Animal Hospital investment property located in Riverside, California. The Tenant, PetVet Care Centers, has over 1 year remaining in their initial term with 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. Riverside Animal Hospital is strategically located on Magnolia Avenue The site benefits from superior visibility via significant street frontage and a large pylon sign situated along Magnolia Avenue. It shares this busy Riverside area with businesses like Ralph’s, Vons, Chipotle and Trader Joe’s. The location benefits from the frequent street traffic of Magnolia Avenue which sees 19,195 vehicles daily. The 5-mile trade area is supported by a population of 276,573 and 97,697 daytime employees with an average household income of $115,891.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$653 USD /SF

CAP RATE

7.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverside Animal Hospital | NNN | 2 Years

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

CROSS STREETS

Nogales St.

LAND ACRES

0.34 AC

LAND SF

14,773 SF

ZONING

C3

APN/PARCEL ID

225-052-004

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.