Valley Animal Hospital (VetCor) 58 W 16th St 4,998 SF Retail Building Merced, CA 95340 $2,100,000 ($420.17/SF) 8% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single-tenant net leased Valley Animal Hospital (VetCor) in Merced, California. The practice has operated in Merced since 1985 and has occupied this location since 1997. The tenant recently exercised a renewal option extending the lease through November 2030, with two additional ?ve-year renewal options remaining. The lease features annual rental escalations equal to the greater of 2% or CPI (capped at 4%) and is backed by a corporate guaranty from VetCor Group Holdings Corp (900 Locations).
The 4,998 square-foot building is located along West 16th Street, which carries approximately 28,000 vehicles per day, and bene?ts from close proximity to G Street (33,000 VPD) and State Route 99 (51,000 VPD). More than 111,000 residents live within a ?ve-mile radius, with average household incomes exceeding $82,000. Notably, despite this dense population in Merced’s central and most populated area, there is a relative lack of immediate veterinary competition, with only one other full-service clinic within the city. The property is surrounded by national retailers including Costco, Smart & Final, In-N-Out Burger, Starbucks, Taco Bell, Wendy’s, and Popeyes, among others. Additional traffic drivers include Yosemite–Independence High School and the Merced County Fairgrounds.
VetCor, founded in 1997 and headquartered in Norwell, Massachusetts, is a leading veterinary services company that operates as a collaborative network of community-focused animal hospitals across the United States and Canada. With over 900 unique locations and more than 15,000 team members, including thousands of veterinarians and support staff, VetCor supports independent veterinary practices by providing administrative, marketing, human resources, training, and operational assistance while preserving each hospital’s local identity, culture, and autonomy. The company’s mission is to enhance the health and well-being of pets and the people who care for them, emphasizing compassionate general medical and surgical care, preventive wellness services, and a positive work environment for veterinary professionals.