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VCA MILLIKEN ANIMAL HOSPITAL 1004 Broad St 5,605 SF 100% Leased Retail Building Milliken, CO 80543 $1,298,920 ($231.74/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Full-Service Veterinary Hospital – This facility offers a full spectrum of veterinary services.
- Scheduled Rental Increases – The lease features 2% annual rental increases, providing a future owner with a boost in cash flow.
- Private Equity Sponsorship | Mars, Inc. – Mars, Inc. is a privately held multinational corporation generating more than $50 billion in annual revenue.
- Stable Investment – About ±6 years remain on an NNN lease with the landlord solely responsible for the foundation and structure of the building.
- Veterinary Centers of America Corporate Guarantee – The lease features a corporate guarantee from VCA, the largest operator of veterinary hospitals.
EXECUTIVE SUMMARY
Brayden Conner
Broker of Record
License No. EC.100099522 (CO)
Broker of Record
License No. EC.100099522 (CO)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,605 SF
Building Class
C
Year Built
1910
Price
$1,298,920
Price Per SF
$231.74
Cap Rate
7.50%
NOI
$97,419
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Lot Size
0.19 AC
Zoning
C-3 - Commercial
Frontage
50’ on Broad St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R4945107 | Improvements Assessment | $94,630 |
| Land Assessment | $9,320 | Total Assessment | $103,950 |
PROPERTY TAXES
Parcel Number
R4945107
Land Assessment
$9,320
Improvements Assessment
$94,630
Total Assessment
$103,950
(424) 277-6755
x3885
CONTACTS
-
Cameron Davodi -
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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VCA MILLIKEN ANIMAL HOSPITAL | 1004 Broad St
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