VCA Yuba Sutter Animal Hospital
- Price: $1,695,000
- Cap Rate: 7.07%
- Year Built: 2005
- Rentable Area: 4,508 SF (1,200 SF Available for Lease)
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Yuba Sutter Animal Hospital
Yuba City, California
Investment Highlights
- Sales Price: $1,695,000
- Cap Rate: 7.07%
- Years Remaining: 1.5
- Net Operating Income: $120,000
- Lot Size: 0.66 Acres
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 NNN, corporate guaranteed, VCA Yuba Sutter Animal Hospital investment property located in Yuba City, California (Sacramento MSA). The tenant, XLNT Veterinary Care, Inc., has approximately 1.5 years remaining in their initial term with 2 (5-year) options to extend. The lease is corporate guaranteed by VCA Inc. and is NNN with landlord responsibilities limited to roof maintenance, making it an ideal, low-management investment opportunity for a passive investor. Included in the offering is a vacant 1,200 SF building adjacent to the animal hospital, providing the potential to add value through lease-up at market rents. Headquartered in Los Angeles, California, VCA Animal Hospitals have 6,000+ compassionate veterinarians, more than 600 board-certified specialists, and 1,000+ animal hospitals across 46 states and 5 Canadian provinces.
Location
VCA Yuba Sutter Animal Hospital is located near the signalized, hard corner intersection of Colusa Avenue and Golden State Highway, averaging a combined 68,000 vehicles passing by daily. The property benefits from excellent visibility via significant street frontage and a large pylon sign along Colusa Avenue. The animal hospital is positioned across from Yuba Sutter Mall, a 422,177 SF regional mall anchored by Sears, JCPenney, Planet Fitness, and Ross Dress for Less. In addition, the medical office is ideally situated in the heart of an immense retail corridor, and is within close proximity to a variety of national/credit tenants including Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, Target, Sam’s Club, Tractor Supply Co., Kohl’s, WinCo. Foods, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Moreover, the asset is surrounded by several apartment complexes including Granada (96 units), Kimerand (32 units), and Feather Downs (52 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by nearly 106,000 residents and 38,000 daytime employees. Residents within 3 miles of the subject property feature an average household income of $73,000.
