PetVet - Riverside Animal Hospital
6162 Magnolia Ave, Riverside,
California 92506
- Price: $2,000,000
- Cap Rate: 7.00%
- Years Remaining: 1
- Rentable Area: 2,260 SF
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PetVet Care Centers - Riverside Animal Hospital
Investment Highlights
- Sales Price: $2,000,000
- Cap Rate: 7.00%
- Years Remaining: 1
- Lot Size: 0.34 Acres
- Market: Riverside, 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, Riverside Animal Hospital investment property located in Riverside, California. The Tenant, PetVet Care Centers, has over 1 year remaining in their initial term with 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
Riverside Animal Hospital is strategically located on Magnolia Avenue The site benefits from superior visibility via significant street frontage and a large pylon sign situated along Magnolia Avenue. It shares this busy Riverside area with businesses like Ralph’s, Vons, Chipotle and Trader Joe’s. The location benefits from the frequent street traffic of Magnolia Avenue which sees 19,195 vehicles daily. The 5-mile trade area is supported by a population of 276,573 and 97,697 daytime employees with an average household income of $115,891.
