Veterinary Medical Office
New
For Sale
$1,300,000
5280 Douglas Blvd, Granite Bay, CA 95746
A build-to-suit facility is occupied under a long-term NNN lease with two five-year options.
Property Size2,182 SF
Price / SF$595.78
Days on Market2
Property Features for 5280 Douglas Blvd
General Information
Standard status
Active
Size
2,182 SF
Property subtype
Single-Tenant Office
Occupancy
100%
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Condition
Built-Out
Asking Price
$1,300,000
Tenant in Place
Yes
Property Use
Medical Office
Medical Specialty
veterinary
Amenities
Personally Guaranteed Lease: Dr. Bhanu Chaudhri will personally guarantee the lease through Jan 2038, even if the practice is sold, protecting an investor's downside.
Proven Operator: Dr. Chaudhri has grown his portfolio to 19 vet practices with $25M+ in annual sales and sold 6 practices, including 3 to national operators.
Passive OwnershipLong-Term NNN Lease: 11+ years remaining with 3% annual increases and two 5-year options. NOI grows from $78,676 to $108,906, a 7.26% average cap over the term.
Passive, Mission-Critical Use: Tenant reimburses taxes, insurance, HOA and operating costs. Vet clinics rarely relocate and cannot be replaced by e-commerce.
Affluent Granite Bay Location: Fronts Douglas Blvd near I-80 and Folsom Lake. $179,420 avg household income and $868,704 median home value within 3 miles.
Building Details
Building Size
2,182 SF
Year Built
2022
Tenancy
Single
Listing Agency:
Marcus & Millichap | Sacramento
Listed By:
Wyatt Figueroa · License #License(s): CA: 02071851
(916) 724-1362
Source:
Marcusmillichap
Added: Oct 30
Last Checked: Oct 30 at 3:14PM
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 | Sacramento
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,182-square-foot veterinary medical office condominium was built to suit in 2022. The space is fully leased to Veterinary Medical Center of Granite Bay under an NNN lease extending through January 2038, with 3% annual rent increases and two five-year renewal options. The lease includes a personal guarantee from Dr. Bhanu Chaudhri. The tenant pays utilities, its insurance, and interior and HVAC maintenance, and reimburses specified property expenses, including taxes, building insurance, HOA dues, management, and certain building costs.
The condominium fronts Douglas Boulevard in Granite Bay, California. Roseville, Interstate 80, and Folsom Lake are minutes away. Average household income within three miles is $179,420, and home values within one mile reach $1,000,000.
The condominium fronts Douglas Boulevard in Granite Bay, California. Roseville, Interstate 80, and Folsom Lake are minutes away. Average household income within three miles is $179,420, and home values within one mile reach $1,000,000.
Key Highlights
- Fully leased veterinary medical office condominium totaling 2,182 square feet
- Built to suit in 2022
- NNN lease runs through January 2038, with 3% annual increases and two 5‑year options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,874
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,480
$997.5K
Cap Rate 7%
$712,486
$712.5K
Cap Rate 9%
$554,156
$554.2K
Market Conditions
NOI Build-Up for 2,182 SF
Gross rent
$77.5K $35.52/SF
− Vacancy
−$11.0K −$5.04/SF
EGI
$66.5K $30.48/SF
− OpEx
−$16.6K −$7.62/SF
NOI
$49.9K $22.86/SF
Area
Placer County, CA
Vacancy
14.20%
Lease Rate
$35.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,480
Cap Rate 7%
$712,486
Cap Rate 9%
$554,156
Alternative Uses
Best Use
Office B
$712.5K
$623.4K – $831.2K
NOI $49,874 @ 7.0% cap · market cap 3.84%
Second Best
Healthcare Medical
$624.1K
$546.1K – $728.1K
NOI $43,686 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$844.7K
$739.1K – $985.5K
NOI $59,130 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95746, CA
22,166
Population
8,183
Households
2.7
Avg Household Size
48
Median Age
61%
College-Educated
97%
High-School Grad
18.4 sq mi
ZIP Area
1,205
Density / Sq Mi
$182,321
Median Household Income
$86,378
Median Earnings
$2,830
Median Rent
$1,057,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Veterinary Medical Center of Granite Bay — 5280 Douglas Blvd Suite 101, Granite Bay, CA 95746
- Granite Bay Equine — 8115 Barton Rd, Granite Bay, CA 95746
Frequently Asked Questions
What type of property is this?
Medical Office Space - A build-to-suit facility is occupied under a long-term NNN lease with two five-year options.
Where is this medical office space located?
The property is located at 5280 Douglas Blvd Granite Bay, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully leased veterinary medical office condominium totaling 2,182 square feet; Built to suit in 2022; NNN lease runs through January 2038, with 3% annual increases and two 5‑year options
