Veterinary Clinic Investment
For Sale
Contact for pricing
Pending
2006 S Barney Rd, Anderson, CA 96007
Corporate-guaranteed NNN lease with annual rent increases.
Property Size17,639 SF
Days on Market184
Property Features for 2006 S Barney Rd
General Information
Standard status
Pending
Size
17,639 SF
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
1962
Tenancy
Single
Listing Agency:
Marcus & Millichap - Cleveland
(216) 264-2049
Listed By:
Christopher Mitchel · License #OH SAL.2014000892
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Jul 27 at 5:41AM
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 Marcus & Millichap - Cleveland
Investment Insights
Based on property information with market context.
The property at 2006 South Barney Road in Anderson, California, presents an investment opportunity. The lease is guaranteed by VCA Animal Hospitals, Inc., a veterinary operator with over 1,000 locations across the United States. Secured by a corporate-guaranteed triple-net (NNN) lease, the property offers a reliable income stream and minimal landlord responsibilities. The lease includes 2.5 percent annual increases, ensuring consistent appreciation in cash flow. The property benefits from the expansion of the pet care industry, one of the fastest-growing sectors in the U.S. economy. Veterinary services remain a necessity-driven business. The property is suitable for commercial real estate and specialty purposes.
Key Highlights
- Corporate‑guaranteed triple‑net (NNN) lease by VCA Animal Hospitals, Inc.
- Stable, built‑in rent growth with 2.5 percent annual increases.
- Located within the resilient and rapidly expanding $136+ billion pet care industry.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$212,393
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,247,860
$4.2M
Cap Rate 7%
$3,034,186
$3.0M
Cap Rate 9%
$2,359,922
$2.4M
Market Conditions
NOI Build-Up for 17,639 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$359.8K $20.40/SF
− Vacancy
−$76.6K −$4.35/SF
EGI
$283.2K $16.05/SF
− OpEx
−$70.8K −$4.01/SF
NOI
$212.4K $12.04/SF
Area
Shasta County, CA
Vacancy
21.30%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,247,860
Cap Rate 7%
$3,034,186
Cap Rate 9%
$2,359,922
Alternative Uses
Best Use
Office B
$3.03M
$2.65M – $3.54M
NOI $212,393 @ 7.0% cap · market cap 7.06%
Second Best
Healthcare Medical
$2.66M
$2.33M – $3.11M
NOI $186,336 @ 7.0% cap · market cap 6.19%
Theoretical Best
Specialty Retail
$3.93M
$3.44M – $4.58M
NOI $274,893 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 96007, CA
24,056
Population
10,755
Households
2.2
Avg Household Size
42
Median Age
16%
College-Educated
88%
High-School Grad
122.5 sq mi
ZIP Area
196
Density / Sq Mi
$65,000
Median Household Income
$41,148
Median Earnings
$1,037
Median Rent
$284,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- VCA Gateway Animal Hospital — 2006 S Barney Rd, Anderson, CA 96007
- Adamson Betsy DVM — 2006 S Barney Rd, Anderson, CA 96007
- Trinity Animal Hospital — 4721 rhonda rd, anderson, ca 96007
Frequently Asked Questions
What type of property is this?
Medical Office Space - Corporate-guaranteed NNN lease with annual rent increases.
Where is this medical office space located?
The property is located at 2006 S Barney Rd Anderson, CA.
What is the asking price?
The asking price for this property is $3,010,000.
What are key features of this property?
This property features: Corporate‑guaranteed triple‑net (NNN) lease by VCA Animal Hospitals, Inc.; Stable, built‑in rent growth with 2.5 percent annual increases.; Located within the resilient and rapidly expanding $136+ billion pet care industry.
