1417 Glendale Ave - Storefront Retail/Office FOR SALE


Hanford, CA 93230
$5,991,062 USD
323-609-4405
1417 Glendale Ave, Hanford, CA for Sale
$5,991,062 USD
Storefront Retail/Office - FOR SALE
1/2
null | 6.37% Cap Rate

1417 Glendale Ave
Hanford, CA 93230


HIGHLIGHTS

  • MORE THAN 7 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
  • EXCELLENT VISIBILITY | LOCATED OFF GLENDALE AVE | LOCATED ALONG MAJOR THOROUGHFARE
  • STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
  • LIMITED LANDLORD RESPONSIBILITIES | CORPORATE GUARANTEE | MANAGEMENT-FREE

OVERVIEW

We are pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NN leased, freestanding, Hanford Veterinary Hospital investment property located in Hanford, CA. The Tenant, NVA, has over 7.5 years remaining in their initial term with 2 5-year options. The lease also features rare rental increases of annual, uncapped CPI. The lease is a double net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. NVA The lease is corporate guaranteed by National Veterinary Associates, Inc. the largest private owner of freestanding veterinary hospitals with over 1,400 locations worldwide.

FOR SALE DETAILS

PRICE

$5,991,062 USD

PRICE/SF

$749 USD /SF

CAP RATE

6.37%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hanford Veterinary Hospital | 7 Years Remain

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Veterinarian/Kennel, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

92

LAND DETAILS

LAND ACRES

5.76 AC

LAND SF

250,906 SF

ZONING

C-H

APN/PARCEL ID

011-060-054-000

ASK ABOUT THIS PROPERTY

Brian WineTWGREMore Info
323-609-4405

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Brian WineTWGREMore Info
323-609-4405

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.