NNN Veterinary
New
For Sale
$2,721,000
16150 Los Gatos Blvd Los, Los Gatos, CA 95032
A purpose-built animal care facility operates under an absolute net lease with scheduled annual rent increases.
Property Size2,315 SF
Days on Market4
Property Features for 16150 Los Gatos Blvd Los
General Information
Standard status
Active
Size
2,315 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Building Size
2,315 SF
Listing Agency:
CP Partners
Listed By:
John Andreini · License #CalDRE #01440360
(415) 274-2715
Source:
Cppcre
Added: Oct 11
Changed: Oct 12
Last Checked: Oct 12 at 5:49PM
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 CP Partners
Investment Insights
Based on property information with market context.
This veterinary hospital is configured for specialized medical, surgical, imaging, laboratory, and treatment functions. The facility is subject to a 15-year absolute net lease with 3% annual rental increases, guaranteed by Curo Pet Management Corp., the management entity for a veterinary platform with more than 75 locations.
The property sits on Los Gatos Boulevard, a primary commercial corridor, and is adjacent to Kings Court Shopping Center, anchored by Lunardi’s. Highway 17 provides regional connectivity to Los Gatos, San Jose, and the wider Silicon Valley employment base.
The property sits on Los Gatos Boulevard, a primary commercial corridor, and is adjacent to Kings Court Shopping Center, anchored by Lunardi’s. Highway 17 provides regional connectivity to Los Gatos, San Jose, and the wider Silicon Valley employment base.
Key Highlights
- Purpose‑built veterinary hospital with medical, surgical, imaging, laboratory, and treatment infrastructure
- 15‑year absolute net lease with 3% annual rental increases
- Lease guarantee from Curo Pet Management Corp.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,440
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,628,800
$1.6M
Cap Rate 7%
$1,163,429
$1.2M
Cap Rate 9%
$904,889
$904.9K
Market Conditions
NOI Build-Up for 2,315 SF
Gross rent
$129.7K $56.04/SF
− Vacancy
−$21.1K −$9.13/SF
EGI
$108.6K $46.91/SF
− OpEx
−$27.1K −$11.73/SF
NOI
$81.4K $35.18/SF
Area
Santa Clara County, CA
Vacancy
16.30%
Lease Rate
$56.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,628,800
Cap Rate 7%
$1,163,429
Cap Rate 9%
$904,889
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,440 @ 7.0% cap · market cap 2.99%
Second Best
Healthcare Medical
$620.0K
$542.5K – $723.4K
NOI $43,403 @ 7.0% cap · market cap 1.60%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,832 @ 7.0% cap · market cap 3.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 95032, CA
28,109
Population
11,146
Households
2.5
Avg Household Size
45
Median Age
76%
College-Educated
98%
High-School Grad
18.7 sq mi
ZIP Area
1,503
Density / Sq Mi
$195,188
Median Household Income
$128,689
Median Earnings
$3,123
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - A purpose-built animal care facility operates under an absolute net lease with scheduled annual rent increases.
Where is this nnn property located?
The property is located at 16150 Los Gatos Blvd Los Los Gatos, CA.
What is the asking price?
The asking price for this property is $2,721,000.
What are key features of this property?
This property features: Purpose‑built veterinary hospital with medical, surgical, imaging, laboratory, and treatment infrastructure; 15‑year absolute net lease with 3% annual rental increases; Lease guarantee from Curo Pet Management Corp.
