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NVA - Pet Medical Center & Spa

$2,994,035

621 W Fallbrook Avenue, Fresno, CA 93711

Active
Last Updated: 01/27/2021

5.7

Cap Rate

170,660

NOI

Details:
Cap Rate:    5.7%
NOI:    $170,660
Building Size:    8,500 sqft
Lot Area:    0.84 acres
Lease Type:    Triple Net
Year Built:    2004
Price Per Sqft:    $352.24
Property Taxes, Insurance, Common Area & Utilities :    Tenant’s Responsibility
HVAC & Roof:    Tenant’s Responsibility
Foundation & Structure :    Landlord's Responsibility
Highlights:
  • Long-Term Triple Net (NNN) Lease with over 13 years Remaining and Minimal Landlord Responsibilities
  • Annual Rental Increases and Two (5) Year Option Periods
  • Corporate Guarantee From National Veterinary Associates, Inc. (NVA)
  • Located along W Fallbrook Ave and N Palm W Which Sees Over 23,030 VPD
  • Property is Located in the Palm Bluffs Business/Industrial Center That Has Very Good Occupancy with Favorable Lease Rates
  • NVA-Pet Medical Center & Spa Has Been Providing Pets with the Highest Quality in Veterinary Medical Care Since 1992
  • NVA is the Largest Independent Operator of Freestanding Veterinary Hospitals in the World
  • National Veterinary Associates Was Founded in 1996 and Consists of Over 718 Locations Throughout the United States, Canada, Australia and New Zealand
  • According to the American Pet Products Association, the Veterinary Services Industry Was Estimated to be a $42.5 Billion Segment in 2018 and Showing Continued Signs of Upward Projection
  • Fresno is California's 5th Largest City; Population Has Been Increasing Since 2013 and is Expected to Increase By 3.24% Between 2018 and 2023, Adding 34,412 Residents
  • Strong Demographics - Over 82,326 People Reside within a 3-Mile Radius Making an Average Household Income of Over $93,410
  • Located 5-Miles From the California State University, Fresno which has an Enrollment of 24,995 Students and Offers 60 Bachelors Degrees
  • Fresno is Home to Major E-Commerce Hubs Including: Amazon, Ulta, and Gap - Providing over 11,000 New Job Opportunities
  • Nearby Tenant's Include: Walmart Supercenter, Sam's Club, Lowe's Home Improvement, Bed Bath & Beyond, Sprouts, Fresno First Bank, Shell and Many More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,500 SF NVA – Pet Medical Center & Spa Located at 621 W Fallbrook Avenue in Fresno, CA. This Opportunity Includes Over 13 Years Remaining on a Triple Net Lease (NNN) and a Corporate Guarantee From National Veterinary Associates, Inc. (NVA), Providing For a Secure Investment.

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