VetCor NNN Veterinary
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For Sale
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27 13th Avenue Northeast, Hickory, NC 28601
Veterinary-use property in Hickory occupied under a Triple Net lease.
Property Size7,123 SF
Price / SF$166.39
Days on Market7
Property Features for 27 13th Avenue Northeast
General Information
Standard status
Active
Size
7,123 SF
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$81,713
Building Details
Year Built
1953
Year Renovated
2023
Tenancy
Single
Listing Agency:
Sands Investment Group Los Angeles
(844) 474-4666
Listed By:
Chris Sands · License #CA 01387583
Source:
Crexi
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 4 at 2:02AM
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 Sands Investment Group Los Angeles
Investment Insights
Based on property information with market context.
This 7,123-square-foot NNN property at 27 13th Avenue Northeast in Hickory, North Carolina, is occupied by VetCor for veterinary operations. The tenant has operated at the site since 2023, and the lease is structured on a Triple Net basis. The building was constructed in 1953.
VetCor is identified as one of North America's largest veterinary operators, with more than 900 locations, and is backed by leading institutional investors. The property combines an established veterinary use with an in-place NNN lease and a recognizable operating tenant.
VetCor is identified as one of North America's largest veterinary operators, with more than 900 locations, and is backed by leading institutional investors. The property combines an established veterinary use with an in-place NNN lease and a recognizable operating tenant.
Key Highlights
- 7,123‑square‑foot NNN property
- Occupied by VetCor for veterinary operations
- Tenant has operated at the site since 2023
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.9k | $21.60 |
| − Vacancy | −$28.5k | −$4.00 |
| EGI | $125.4k | $17.60 |
| − OpEx | −$31.3k | −$4.40 |
| NOI | $94.0k | $13.20 |
7,123 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.34M
$1.18M – $1.57M
NOI $94,045 @ 7.0% cap · market cap 7.94%
Second Best
Healthcare Medical
$1.10M
$958.2K – $1.28M
NOI $76,654 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,651 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 28601, NC
53,973
Population
23,400
Households
2.3
Avg Household Size
42
Median Age
35%
College-Educated
90%
High-School Grad
47.1 sq mi
ZIP Area
1,146
Density / Sq Mi
$67,839
Median Household Income
$41,697
Median Earnings
$951
Median Rent
$236,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Veterinary-use property in Hickory occupied under a Triple Net lease.
Where is this nnn property located?
The property is located at 27 13th Avenue Northeast Hickory, NC.
What is the asking price?
The asking price for this property is $1,185,185.
What are key features of this property?
This property features: 7,123‑square‑foot NNN property; Occupied by VetCor for veterinary operations; Tenant has operated at the site since 2023
