Veterinary Emergency Hospital Net
For Sale
Contact for pricing
555 Morrill Ave, Reno, NV 89512
Net-leased 24/7 veterinary emergency hospital with 6+ years remaining on the initial 10-year lease.
Property Size19,179 SF
Days on Market144
Property Features for 555 Morrill Ave
General Information
Standard status
Active
Size
19,179 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Building Details
Year Built
2016
Tenancy
Single
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #BRK.200900214
Source:
Crexi
Added: Apr 11
Changed: Aug 21
Last Checked: Aug 14 at 7:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
Investment Insights
Based on property information with market context.
Bang Realty presents a net-leased veterinary emergency hospital totaling 19,179 square feet at 555 Morrill Ave in Reno, NV. The property was built to suit for Emergency & Specialty veterinary use and opened to patients in October 2016 as part of a combined practice effort. The current tenant, Blue Pearl Veterinary, acquired the practice in 2018 and the current lease began at that time.
Blue Pearl has 6+ years remaining on the initial 10-year lease, with annual 2% increases scheduled through the initial term and the subsequent two (2) five-year option periods. The offering is presented as an income-oriented investment backed by a long-term lease structure.
The facility operates as a 24/7 specialty veterinary emergency business serving the surrounding community in Washoe County. Within a 5-mile radius, the remarks cite 258,338 people and 103,957 households (2022).
Blue Pearl has 6+ years remaining on the initial 10-year lease, with annual 2% increases scheduled through the initial term and the subsequent two (2) five-year option periods. The offering is presented as an income-oriented investment backed by a long-term lease structure.
The facility operates as a 24/7 specialty veterinary emergency business serving the surrounding community in Washoe County. Within a 5-mile radius, the remarks cite 258,338 people and 103,957 households (2022).
Key Highlights
- 19,179 SF veterinary emergency hospital net‑leased to Blue Pearl Veterinary.
- 6+ years remaining on the initial 10‑year lease with Blue Pearl acquiring the practice in 2018 (lease started then).
- Current NOI is $451,619.51 with 2% annual increases throughout the lease term.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,415
Businesses Nearby
Explore this area
Business Placement
Demographics for 89512, NV
30,148
Population
12,374
Households
2.4
Avg Household Size
30
Median Age
18%
College-Educated
76%
High-School Grad
6.2 sq mi
ZIP Area
4,863
Density / Sq Mi
$45,284
Median Household Income
$34,587
Median Earnings
$1,113
Median Rent
$318,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Net-leased 24/7 veterinary emergency hospital with 6+ years remaining on the initial 10-year lease.
Where is this medical center located?
The property is located at 555 Morrill Ave Reno, NV.
What are key features of this property?
This property features: 19,179 SF veterinary emergency hospital net‑leased to Blue Pearl Veterinary.; 6+ years remaining on the initial 10‑year lease with Blue Pearl acquiring the practice in 2018 (lease started then).; Current NOI is $451,619.51 with 2% annual increases throughout the lease term.
