PetVet - Pacific Crest Equine | NNN | 1 Year 2500 E Myer Ave 10,916 SF Retail Building Exeter, CA 93221 $3,204,000 ($293.51/SF) 7.53% Cap Rate

The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Pacific Crest Equine & Pacific Crest Companion Animal Veterinary Hospital investment property located in Exeter, California. The Tenant, PetVet, has more than 5 years remaining with One (1) 5-year options to extend. The lease features annual rental increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. With more than 450 locally-led General Practice, Specialty, Emergency, and Equine hospitals, PetVet Care Centers offers outstanding care across the country.
Pacific Crest Equine & Pacific Crest Companion Animal Veterinary Hospital is strategically located on E Myer Avenue. The site benefits from superior visibility via significant street frontage and a monument sign situated along E Myer Avenue. It shares this busy Exeter area with businesses like Starbucks, McDonalds, A&W, Taco Bell, and Subway. The location benefits from the frequent street traffic of E Myer Avenue, which sees 6,084 vehicles daily. The 5-mile trade area is supported by a population of 24,648 and 6,084 daytime employees with an average household income of $111,073.