VCA Mission Animal & Bird Hospital
Oceanside, CA
VCA Mission Animal & Bird Hospital
- Price: $6,892,114
- Cap Rate: 5.50%
- Years Remaining: 5
- Rentable Area: 11,250 SF
Investment Highlights
- Sales Price: $6,892,114
- Cap Rate: 5.50%
- Years Remaining: 5
- Lot Size: 1.46 Acres
- Market: Oceanside, CA
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, VCA Mission Animal & Bird Hospital investment property located in Oceanside, California. The Tenant, VCA, has less than 1 year remaining in their initial term, VCA has agreed to exercise their option to renew the lease in September extending the lease 5 years with 2 additional 5-year options to extend. The lease features annual 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. Founded in 1986, VCA is a family of animal hospitals dedicated to creating a positive impact for pets, people, and communities. They prioritize the well-being of every pet, extending their care beyond the hospitals they operate. Each hospital takes pride in its history of excellence and its close ties to local communities. In 2017, VCA became part of the Mars family, joining forces to shape the future of veterinary care.
Location
VCA Mission Animal & Bird Hospital is strategically located on Benet Road. The site benefits from superior visibility via significant street frontage, monument, and facade signage situated along Benet Road. It shares this busy Oceanside area with businesses like Starbucks, CVS Pharmacy, Chase Bank, and Walmart. The location benefits from the frequent street traffic of Highway 76, which sees 24,672 vehicles daily. The 5-mile trade area is supported by a population of 199,979 and 58,139 daytime employees with an average household income of $122,092.
