3881 Old Redwood Hwy | Santa Rosa, CA 95403
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- LoopNet Team
3881 Old Redwood Hwy
Santa Rosa, CA 95403
Northtown Animal Hospital CORPORATE GUARANTEE · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- CORPORATE GUARANTEED Absolute NNN, ZERO Landlord Responsibilities / Offering Actual CAP Rate of 4.77%. / NEW Construction with Roof & HVAC Warranties!
- Brand New Construction. Property was custom builtfor a veterinary clinic in 2021. /Many upgrades / Ample Onsite Parking / Great Visibility
- The tenant is under terms with a new long-term 10-year lease, with built-in 3.00% annual rental increases & three (3), five (5) year options to extend
- ProForma CAP Rate of 4.92%. The ProForma CAP Rate is based upon the next built-in 3.00% annual rental increase.
- Comparable Single Tenant NNN properties in the immediate area are trading between 4.00% - 4.75% CAP rates.
- The pet industry market is experiencing major growth as pet ownership in America is at an all-time high!
PROPERTY FACTS
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
4,166 SF
Building Class
C
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.49 AC
Zoning
C2, Santa Rosa
Parking
15 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
106’ on Old Redwood
PROPERTY TAXES
| Parcel Number | 058-211-001 | Improvements Assessment | $2,809,080 |
| Land Assessment | $520,200 | Total Assessment | $3,329,280 |
PROPERTY TAXES
Parcel Number
058-211-001
Land Assessment
$520,200
Improvements Assessment
$2,809,080
Total Assessment
$3,329,280
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