For Sale
$6,900,000

3260 Bidwell StFolsom, CA 95630

Prime NNN-leased vet hospital in Folsom, CA

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 6,900 square foot veterinary hospital in Folsom, CA, situated on a 1.48-acre lot. The property boasts a 15-year absolute NNN lease with Folsom Ranch Veterinary Hospital, commencing July 9, 2024, and expiring July 9, 2039. The lease includes built-in 10% rent increases every five years, ensuring consistent passive income growth. The property's strong financial performance is reflected in its $414,000 NOI and a 6.00% cap rate, making it an attractive addition to any portfolio. The hospital offers comprehensive pet services and benefits from its strategic location within The Shops at Folsom Ranch, a thriving retail center anchored by national brands like Starbucks and The Habit Burger Grill. This prime location, just off State Route 50 (115,500 AADT), enjoys high visibility and accessibility, with significant traffic volume. The surrounding area is experiencing robust population growth and features major employers like UC Davis Health and Dignity Health, creating a substantial and stable customer base. The average household income within a 1-mile radius is $282,028, indicating a highly affluent demographic. This property is ideally suited for a 1031 exchange. The asking price is $6,900,000. Year built: 2024.

Highlights

  • Brand new, 6,900 SF veterinary hospital in Folsom, CA, on a 1.48-acre lot.
  • 15-year absolute NNN lease with Folsom Ranch Veterinary Hospital, commencing July 9, 2024, with 10% rent increases every five years.
  • High-visibility location at a signalized intersection off State Route 50 (115,500 AADT), within The Shops at Folsom Ranch, a thriving retail center.
  • Strong demographics: $282,028 average household income within a 1-mile radius and significant population growth.
  • $6,900,000 asking price, $414,000 NOI, and a 6.00% cap rate; ideal for a 1031 exchange.

Property Details for 3260 Bidwell St

Property type
Office properties, Medical offices
Square Feet
6,900 SF
Year Built
2024
Lot Size (sq. ft)
64,469 SF

Location Insight

City
Folsom
County
Sacramento
State
California
Latitude
38.636845
Longitude
-121.1138297
3260 Bidwell St, Folsom, California

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3260 Bidwell St
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