338 & 394 E Lafayette St. Stockton, CA 95203
$1,100,000
For Sale
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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
![Portrait of Kaveh Ebrahimi of Helios CRE](https://www.helioscre.com/wp-content/uploads/2023/08/kaveh-ebrahimi-v2@2x.webp)
![Portrait of Tucker Massura](https://www.helioscre.com/wp-content/uploads/2023/09/tucker-massura@2x.jpg)
Tucker Massura
Net Leased Investment Advisor - Healthcare
DRE 02192155
Request more information.