Cap Rate
6.75%
Price Per SF
$239
Gross SQFT
2,000
Year Built
1950
Term Remaining
±6.5 YRS
NOI
$32,307
Property Type
Healthcare
INVESTMENT HIGHLIGHTS
- Minimal Landlord Responsibilities – The landlord responsibilities are limited to the roof & structural components of the building, providing for a passive investment for any local or national investor
- Attractive Annual Rental Increases – Rare 2.5% Annual Rental Increases are built in throughout the base term and option periods of the lease, providing for a strong hedge against inflation
- Corporate Guaranty – Subject property was acquired by the O’Brien Veterinary Group in 2018 and features a corporate guaranty
- E-Commerce & Recession-Resistant Property – Pet Care properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties
Broker of Record
- Kyle Matthews
- License No. RC51700140 (IN)
- (866) 889-0550
- Matthews Retail Group, Inc.
- 2321 Rosecrans Ave.,
Suite 1225 El Segundo, CA 90245