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Concord, Pinole & Castro Valley, CA

VetnCare
$3,909,198

Key Information

Cap Rate
7.18%
$ per SF
$561
Tot. SF
6,668
Term Remaining
±6.76 YRS
Type
Healthcare
NOI
$280,727

Highlights

  • Stable Investment: There are ±6.7 years remaining on the NNN leases with lesser of 4.5% or CPI annual increases and two, 5-year options to extend the lease. These leases provide predictable income and steady growth within the San Francisco–Oakland–Fremont MSA.
  • Scheduled Rent Increases | Hedge Against Inflation: The leases feature annual rental escalators (Lesser of 4.5% or CPI Increase Annually), providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.
  • Healthcare Real Estate | Recession Resistant Property:  Veterinary hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
  • Tenant Investment In Location:  Pet hospitals rarely relocate due to the difficulty of retaining the same patients in a new location and the high costs associated with moving and build-outs.
  • VetnCare: VetnCare is a dedicated veterinary management services organization that partners with and supports established veterinary practices through centralized operational, financial, and administrative expertise. Its integrated platform is designed to support long-term practice stability, consistency of care, and sustainable growth across its network.
  • Very Passive Lease Structure: There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.
  • Robust Growth Industry: The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.

Photos

Location

Agents

Broker of Record

David Harrington

License # 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245