Cap Rate
7.00%
Price Per SF
$258
Year Built
1956
Leasable Area
2,500 SF
Term Remaining
±6.5 YRS
NOI
$45,226
Property Type
Healthcare
INVESTMENT HIGHLIGHTS
- New Roof – The lease only calls for the landlord to be responsible for the Roof & Structural components of the building. The roof was replaced in 2021, offering a hands-off investment for any local or out-of-state 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 – The 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