2446 Schnoor AveMadera, CA 93637

Property Details for 2446 Schnoor Ave

Year built

2006

Lot size

1.00 AC

Property size (Sq ft)

4,200 SF

Property type

Healthcare properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a single-tenant, NNN-leased veterinary clinic in Madera, CA. The 4,200 square foot building, constructed in 2006, sits on a one-acre lot with 15 parking spaces. Currently 100% occupied by VetCor, a well-established veterinary services company with a strong track record, the lease boasts a 7.75% cap rate and a remaining term of two years, followed by three five-year renewal options. Annual rent increases of 2% are built into the lease, ensuring consistent income growth. The property enjoys high visibility on Schnoor Avenue, a busy thoroughfare near Home Depot and Starbucks, benefiting from significant street frontage and a prominent facade sign. The strong demographics of the area, with over 87,633 residents and 17,815 daytime employees within a five-mile radius, and an average household income of $90,345, further enhance the investment's appeal. The property's location offers excellent access and visibility, making it an ideal, low-management investment opportunity for a passive investor. The lease includes limited landlord responsibilities, focusing on the roof, parking lot, foundations, structure, HVAC, and sewer. The asking price is $2,094,219, with a price per square foot of $498.62 and a Net Operating Income (NOI) of $162,302. The property's APN is 013-230-001-000.

Location Insight

City

Madera

County

Madera

State

California

Latitude

36.9745

Longitude

-120.085

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