Henry,
We just listed a Veterinary Hospital in Northern California that I wanted to make sure to get in front of you. This investment opportunity features a brand new 10-year, absolute NNN lease with annual rental increases. The tenant is currently undergoing significant renovations and tenant improvements and will launch in 2024. This hospital is strategically located in San Mateo, CA which is an extremely affluent market in the Bay Area with household incomes exceeding $185K. This is an ideal investment for a local or national investor looking to acquire a stable, long-term sticky investment in the San Francisco Bay Area market.
Please see a breakdown of the opportunity below:
- Address: 241 N Amphlett Blvd, San Mateo, CA 94401
- Price: $8,082,963
- Cap Rate: 6.75%
- Lease Term: 10 Years From COE
- Lease Structure: Absolute NNN
- Lease Guarantor: Corporate & Personal
Click here for more information.
Please reach out with any additional questions, thank you!
Andrew Evans
Vice President & Associate Director | Matthews Real Estate Investment Services™
Direct +1 949 662 2256 | Mobile +1 925 360 0277
Main +1 866 889 0550 | Fax +1 310 388 0788
andrew.evans@matthews.com
License No. 02055475 (CA)
