NVA - Hanford Veterinary Hospital
- Price: $6,250,000
- Cap Rate: 5.76%
- Years Remaining: 7
- Rentable Area: 8,000 SF
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NVA - Hanford Veterinary Hospital
Hanford, CA
Investment Highlights
- Sales Price: $6,250,000
- Cap Rate: 5.76%
- Years Remaining: 7
- Lot Size: 1.78 Acres
- Market: Hanford, 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 NN leased, freestanding, Hanford Veterinary Hospital investment property located in Hanford, CA. The Tenant, NVA, has over 7.5 years remaining in their initial term with 2 5-year options. The lease also features rare rental increases of annual, uncapped CPI. The lease is a double net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. NVA The lease is corporate guaranteed by National Veterinary Associates, Inc. the largest private owner of freestanding veterinary hospitals with over 1,400 locations worldwide.
Location
Hanford Veterinary Hospital is strategically located on Glendale Avenue. The site benefits from superior visibility via significant street frontage and a monument sign situated along Glendale Ave. It shares this busy Hanford area with national businesses like Crumbl Cookies, Dunkin’, In-N-Out, Target, and Walmart. The location benefits from the frequent street traffic of CA 198, which sees over 30,000 vehicles daily. The 5-mile trade area is supported by a population of 70,957 and 19,346 daytime employees with an average household income of $82,452.
