AmeriVet - Hardin Animal Hospital | 394 E Lafayette St
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AmeriVet - Hardin Animal Hospital 394 E Lafayette St
7,500 SF 100% Leased Retail Building Stockton, CA 95203 $1,541,386 CAD ($206 CAD/SF) 11.59% Cap Rate
Investment Highlights
- AmeriVet Acquired the Practice and Signed a New 10 Year Lease With 3% Annual Increases and Two (5) Year Option Periods
- 8+ Year Billboard Lease With Rental Increases
- Recent Renovations to the Building Including; Roof, HVAC, Flooring, Paint, Plumbing and Electrical
- Stable Long-Term Investment (8+ Years Remaining) With Minimal Landlord Responsibilities
- Strong Demographics with 142,955 Residents Located Within a 3-Mile Radius
- AmeriVet Has 196 Locations Currently With Plans to Grow to 270 in 2023
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,500 SF
Building Class
C
Year Built/Renovated
1990/2020
Price
$1,541,386 CAD
Price Per SF
$206 CAD
Cap Rate
11.59%
NOI
$178,603 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.75
Land Acres
0.23 AC
Opportunity Zone
Yes
Zoning
C2 - Commercial
Amenities
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- AmeriVet
- -
- 2,800 SF
- -
- Net
- Jul 2032
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| AmeriVet | - | 2,800 SF | - | Net | Jul 2032 |
Walk Score ®
Walker's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 149-091-04 | Improvements Assessment | $397,760 CAD |
| Land Assessment | $182,430 CAD | Total Assessment | $580,190 CAD |
PROPERTY TAXES
Parcel Number
149-091-04
Land Assessment
$182,430 CAD
Improvements Assessment
$397,760 CAD
Total Assessment
$580,190 CAD
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Kaveh Ebrahimi -
Helios Investment Services
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AmeriVet - Hardin Animal Hospital | 394 E Lafayette St
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