721 N Keys Rd - Medical FOR SALE


Yakima, WA 98901
$820,490 USD
323-609-4405
721 N Keys Rd, Yakima, WA for Sale
$820,490 USD
Medical - FOR SALE
1/14
null | 7% Cap Rate

721 N Keys Rd
Yakima, WA 98901


HIGHLIGHTS

  • OVER 5 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF N KEYS ROAD | 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, Terrace Heights Family Pet Clinic investment property located in Yakima, Washington. The Tenant, Western Veterinary Partners, has over 5 years remaining in their recently extended term with 1 (one) 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. Western Veterinary Partners acquires and supports veterinary practices and animal hospitals with the non-clinical business challenges they face by providing industry proven non-clinical administrative support services. Terrace Heights Family Pet Clinic is strategically located on N Keys Road. The site benefits from superior visibility via significant street frontage and a monument sign situated along N Keys Road. It shares this busy Yakima area with businesses like Burger King, 7-11, Subway, True Value, Shell. The location benefits from the frequent street traffic of N Keys Road, which sees 1,070 vehicles daily. The 5-mile trade area is supported by a population of 99,529 and 46,720 daytime employees with an average household income of $86,828.

FOR SALE DETAILS

PRICE

$820,490 USD

PRICE/SF

$324 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Terrace Heights Family Pet Clinic |NNN| 5Yrs

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

M1

APN/PARCEL ID

191317-41403

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.