Santa Rosa Veterinary Hospital
Santa Rosa, CA
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building) in a NNN leased, freestanding, Santa Rosa Vet Hospital investment property located in Santa Rosa, California. The tenant, Western Veterinary Partners, LLC, has over 9.5 years remaining in their initial term with 2 (5-yar) options to extend. The lease features 2% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor. Santa Rosa Veterinary Hospital has been providing exceptional small animal health care to the pets of Santa Rosa and surrounding communities for more than 85 years.
The subject property is strategically located along 4th Street, a major retail and commuter thoroughfare averaging 33,000 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large monument sign along 4th Street. Additionally, the asset is within close proximity to Santa Rosa Memorial Park and Franklin Park, two of the most scenic urban environments in all of Santa Rosa. When it comes to walking/running with ones dog, it is hard to find a better place to let them roam than the two highlighted parks. Moreover, the site is within close proximity to a variety of national/credit tenants including Target, T.J. Maxx, Ross Dress for Less, CVS Pharmacy, Walgreens, and more, increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site. The 5-mile trade area is supported by nearly 189,000 residents and 80,000 daytime employees. Residents within 1 mile of the subject property boast an affluent average household income of $105,000.