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3520 Roselle Ave, Modesto, CA, 95357

Sylvan Veterinary Hospital
$3,885,251

Key Information

Cap Rate
6.75%
$ per SF
$664
Tot. SF
5,846
Lot Size
1 Acres
Year Built
2007
Type
Healthcare
Occupancy
100%
NOI
$262,254

Highlights

  • 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.
  • Concentrated Corridor: The property is surrounded by a mix of residential communities, schools, parks, hospitals, and major retailers, including Target, Walmart Supercenter, Trader Joe’s, Costco Wholesale, The Home Depot, In-N-Out Burger, James C Enochs High School and Memorial Medical Center all just ±4 miles away.
  • 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.
  • Stable Investment: There are over ±11 years remaining on the NNN lease featuring built-in annual rent bumps of 3% annually and two (2), five (5) year options to extend the lease.
  • Prime Location: The ±5,846 SF practice is ideally located along Greer Boulevard, offering excellent visibility and easy access to transportation routes, including CA-99 and CA-108.
  • Scheduled Rent Increases | Built-In Inflation Projection: The lease includes annual rent escalations of 3%, ensuring steady growth in cash flow and a natural hedge against inflation for the future owner.
  • 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.
  • Comprehensive Services | Multi-Doctor Location: Sylvan Animal Hospital offers a range of veterinary services, including wellness and preventative care, dentistry, microchipping, diagnostics, surgeries, dental radiology and urgent care. Its diverse revenue streams provide stability and potential for growth in various service areas.

Photos

Location

Agents

Broker of Record

David Harrington

License # 02168060, 01320460 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245