394 E Lafayette St - Veterinarian/Kennel FOR SALE


Stockton, CA 95203
$1,100,000 USD
805-889-7837
394 E Lafayette St, Stockton, CA for Sale
$1,100,000 USD
Veterinarian/Kennel - FOR SALE
1/6
null | 11.59% Cap Rate

394 E Lafayette St
Stockton, CA 95203


HIGHLIGHTS

  • AmeriVet Acquired the Practice and Signed a New 10 Year Lease With 3% Annual Increases and Two (5) Year Option Periods
  • Stable Long-Term Investment (8+ Years Remaining) With Minimal Landlord Responsibilities
  • 8+ Year Billboard Lease With Rental Increases
  • Strong Demographics with 142,955 Residents Located Within a 3-Mile Radius
  • Recent Renovations to the Building Including; Roof, HVAC, Flooring, Paint, Plumbing and Electrical
  • AmeriVet Has 196 Locations Currently With Plans to Grow to 270 in 2023

OVERVIEW

Invest in the Hardin Animal Hospital, a fully leased, long-term veterinary clinic located at 336 & 338 E Lafayette St, Stockton, CA. This 7,500 SF facility underwent extensive renovations in 2020, ensuring modern amenities and functionality. The property is leased to AmeriVet, a rapidly growing veterinary group with a 10-year NNN lease, corporate guarantees, and minimal landlord responsibilities. With a stable NOI of $127,459 and a cap rate of 11.5%, this investment offers long-term security in a thriving market. Located near major freeways and boasting strong local demographics, this property is positioned for solid future returns.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

11.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AmeriVet - Hardin Animal Hospital

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Day Care Center, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C2

APN/PARCEL ID

149-091-04

ASK ABOUT THIS PROPERTY

Kaveh EbrahimiHelios Investment ServicesMore Info
805-889-7837

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Kaveh EbrahimiHelios Investment ServicesMore Info
805-889-7837

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