338 & 394 E Lafayette St. Stockton, CA 95203
$1,100,000
For Sale
Details
- StatusFor Sale
- Price$1,100,000
- Cap Rate11.5%
- TenantsAmeriVet Hardin Animal Hospital
- Term Remaining8 Years
- Lease TypeNNN
- Property TypeMedical
- Building Size7,500 SF
- Lot Size0.23 Acres
- NOI$127,459
Documents
Property Description
This 7,500 SF property is a fully renovated, modern veterinary clinic leased to AmeriVet, one of the fastest-growing veterinary chains in the U.S. The clinic is secured by a 10-year NNN lease, ensuring stable rental income with minimal landlord responsibilities. AmeriVet has signed a corporate guarantee, further enhancing the investment security. With a cap rate of 11.5% and annual rental escalations of 3%, this property is positioned to provide strong returns.
The building’s prime location near Crosstown Freeway in Stockton sees heavy daily traffic and offers access to a large local population. Recent renovations to the property include a new roof, HVAC system, and electrical updates, ensuring minimal capital expenses in the near future. Contact us today for more information on this outstanding investment opportunity.
Map
Contact
Tucker Massura
Net Leased Investment Advisor - Healthcare
DRE 02192155
Request more information.