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VetCor - Hickory NC 27 13th Ave NE 7,123 SF 100% Leased Office Building Hickory, NC 28601 $1,185,185 ($166.39/SF) 6.89% Cap Rate
Investment Highlights
- Vetcor is one of the largest veterinary operators in North America, with 900+ practices across the US and Canada since its founding in 1997.
- Triple Net (NNN) in-place rent of $11.47 PSF sits well below the Triple Net (NNN) $16.00 PSF market rate.
- A 4.8-star average across 464 reviews demonstrates strong client loyalty and a consistently high standard of care.
- 9 years of continuous veterinary operation at this location with Vetcor operating since 2023.
- Comprehensive care including wellness and nutrition, microchipping, dermatology, diagnostics, dental, surgical procedures, on-site pharmacy Etc.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 7,123 SF VetCor located at 27 13th Avenue NE in Hickory, NC. VetCor, one of North America's largest veterinary operators with over 900 locations, has operated at this site since 2023, continuing nearly 9 years of veterinary use at the property. Backed by leading institutional investors, the asset benefits from strong tenant credit and an in-place rent of $11.47 PSF with a Triple Net (NNN) Lease, which is below the estimated $16.00 PSF market rate, providing future upside potential.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
7,123 SF
Building Class
B
Year Built/Renovated
1953/2023
Price
$1,185,185
Price Per SF
$166.39
Cap Rate
6.89%
NOI
$81,713
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,123 SF
Building FAR
0.25
Lot Size
0.65 AC
Zoning
OFF - Office
Parking
20 Spaces (2.81 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- VetCor
- Professional, Scientific, and Technical Services
- 7,123 SF
- $11.47
- Triple Net
- Jun 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| VetCor | Professional, Scientific, and Technical Services | 7,123 SF | $11.47 | Triple Net | Jun 2028 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 3703116549930000 | Improvements Assessment | $407,400 |
| Land Assessment | $97,600 | Total Assessment | $505,000 |
Property Taxes
Parcel Number
3703116549930000
Land Assessment
$97,600
Improvements Assessment
$407,400
Total Assessment
$505,000
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VetCor - Hickory NC | 27 13th Ave NE
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