Animal Hospital in Fairfield
Fairfield, CA
Animal Hospital in Fairfield
- Price: $2,570,000
- Cap Rate: 5.00%
- Years Remaining: 9
- Rentable Area: 1,950 SF
Investment Highlights
- Sales Price: $2,570,000
- Cap Rate: 5.00%
- Years Remaining: 9
- Lot Size: 0.23 Acres
- Market: Fairfield, California
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a corporate signed NN leased, United Veterinary Care investment property located in Fairfield, California (Vallejo MSA). The tenants, United Veterianry Care CA Inc., has 9 years remaining on their initial term, with 2 (5-year) options to extend. The lease features 3% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to roof, structure, & HVAC replacement, making it an ideal, low-management investment opportunity for a passive investor.
Location
The subject property is located near the signalized, hard corner intersection of Airbase Pkwy and N. Texas St., totaling a combined 68,600 vehichles passing by daily. The site benefits from nearby direct on/off ramp access to Interstate 80 (212,000 VPD), the primary east/west commuter freeway traveling throughout Fairfield. Additionally, the asset is located nearby Solano Town Center, a newly renovated 1,040,000 square foot neighborhood center featuring more than 20 stores including Macy’s, Dick’s Sporting Goods, Best Buy, Dave and Buster’s, and more, increasing consumer draw to the immediate trade area. Moreover, the veterinary clinic is strategically positioned across the street from a Walmart Supercenter and Fairfield High School, greatly helping with store exposure and crossover traffic. The 5-mile trade area is supported by more than 133,800 residents and 43,500 daytime employees and features an affluent average household income of $102,909.
