8500 Cedarhome Dr - Veterinarian/Kennel FOR SALE


Stanwood, WA 98292
$1,673,000 USD
310-709-8985
8500 Cedarhome Dr, Stanwood, WA for Sale
$1,673,000 USD
Veterinarian/Kennel - FOR SALE
1/9
null | 9% Cap Rate

8500 Cedarhome Dr
Stanwood, WA 98292


HIGHLIGHTS

  • • AAHA-Accredited Facility:
  • • Established Tenant Commitment
  • • Private Equity-Backed Strength
  • • Full-Service Veterinary Practice
  • • Built-In Rent Growth
  • • High Occupancy Stability

OVERVIEW

One of the Highest-Yielding Corporate-Backed Veterinary Investments Currently Available: Offered at an attractive 9.00% capitalization rate, significantly above prevailing market cap rates for comparable veterinary real estate investments. • AAHA-Accredited Facility: AAHA-Accredited Facility: The hospital is accredited by the American Animal Hospital Association, underscoring its exceptional standards of veterinary care and operational excellence. • Established Tenant Commitment: Northwest Veterinary Clinic of Stanwood is a long-standing and trusted practice in the community. PetVet’s ongoing operational presence and medical investments demonstrate their confidence in the site’s continued performance. • Private Equity-Backed Strength: PetVet is owned by private equity giant KKR (Kohlberg Kravis Roberts), one of the world’s most established investment firms with over $500 billion in assets under management, ensuring financial strength and long-term backing. • NNN Lease Structure: The lease is NNN, creating a passive, management-free investment structure. The tenant is responsible for all operating expenses including taxes, insurance, and maintenance. • Full-Service Veterinary Practice: The Stanwood clinic offers a wide range of veterinary services including routine wellness exams, advanced diagnostics, surgical procedures, and dental care. The facility serves as a trusted provider for families and pet owners throughout the Stanwood and Camano Island area. • Built-In Rent Growth: Lease features 2% annual rental increases, providing a reliable inflation hedge and enhancing long-term yield for investors. • High Occupancy Stability: The site has maintained long-term veterinary tenancy, underscoring the stickiness of the asset and its essential use case

FOR SALE DETAILS

PRICE

$1,673,000 USD

PRICE/SF

$384 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NORTHWEST VETERINARY CLINIC OF STANWOOD

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,267 SF

ZONING

UE

APN/PARCEL ID

320419-003-063-00

ASK ABOUT THIS PROPERTY

Daniel SolomonKidder MathewsMore Info
310-709-8985

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Daniel SolomonKidder MathewsMore Info
310-709-8985

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