PetVet Care Centers - Pacific Crest Companion Animal Veterinary Hospital
- Price: $3,204,000
- Cap Rate: 7.53%
- Years Remaining: 1
- Rentable Area: 5,161 SF
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PetVet - Pacific Crest Companion Animal Veterinary Hospital - Exeter, CA
Investment Highlights
- Sales Price: $3,204,000
- Cap Rate:7.53%
- Years Remaining: 1
- Lot Size: 17.72 Acres
- Market: Exeter, California
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Pacific Crest Equine & Pacific Crest Companion Animal Veterinary Hospital investment property located in Exeter, California. The Tenant, PetVet, has less than 1 year remaining in their initial term with two (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.
Location
Pacific Crest Equine & Pacific Crest Companion Animal Veterinary Hospital is strategically located on E Myer Avenue. The site benefits from superior visibility via significant street frontage and a monument sign situated along E Myer Avenue. It shares this busy Exeter area with businesses like Starbucks, Mc Donalds, A&W, Taco Bell, and Subway. The location benefits from the frequent street traffic of E Myer Avenue, which sees 6,084 vehicles daily. The 5-mile trade area is supported by a population of 24,648 and 6,084 daytime employees with an average household income of $111,073.
