CareVet NNN Veterinary
New
For Sale
$775,000
760 Century Ave SW, Hutchinson, MN 55350
Corporate-guaranteed veterinary facility with an NNN lease and renewal rights extending through 2031.
Property Size4,855 SF
Price / SF$159.63
Days on Market5
Property Features for 760 Century Ave SW
General Information
Standard status
Active
Size
4,855 SF
Property subtype
Single-Tenant Office Medical
Lease Type
Triple Net (NNN)
Net Operating Income
$58,320
Financials
Asking Price
$775,000
Cap Rate
7.52%
Amenities
CareVet Proactively Exercised it's First 5-Year Renewal Option Nearly Five Months Before Expiration
Established Tenant with over 40 Years in Business and Strong Reputation with the Community
Corporate Backed NNN Lease with One of the Nation's Largest and Fastest Growing Veterinary Practices
Building Details
Building Size
4,855 SF
Tenancy
Single
Listing Agency:
(303) 328-2019
Listed By:
Cory Gross · License #License(s): CO: FA100038277
(303) 328-2019
Source:
Marcusmillichap
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 6 at 3:27AM
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 Cory Gross
Investment Insights
Based on property information with market context.
Located at 760 Century Ave SW in Hutchinson, Minnesota, this 4,855-square-foot veterinary property is occupied by CareVet under a corporate-guaranteed NNN lease. The tenant exercised a renewal five months before expiration, extending the term through 2031 and retaining two additional 5-year options. The lease also provides for 8% rent increases.
The property sits along Hutchinson’s primary retail corridor near Walmart, Menards, and other national retailers. CareVet is identified as a national veterinary platform with 200+ locations, providing established operating context for the facility. The offering carries a 7.52% cap rate.
The property sits along Hutchinson’s primary retail corridor near Walmart, Menards, and other national retailers. CareVet is identified as a national veterinary platform with 200+ locations, providing established operating context for the facility. The offering carries a 7.52% cap rate.
Key Highlights
- 4,855‑square‑foot veterinary property in Hutchinson, MN
- Corporate‑guaranteed NNN lease with CareVet
- Renewal exercised five months early, extending occupancy through 2031
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 55350, MN
18,669
Population
8,276
Households
2.3
Avg Household Size
42
Median Age
26%
College-Educated
96%
High-School Grad
159.9 sq mi
ZIP Area
117
Density / Sq Mi
$78,663
Median Household Income
$46,775
Median Earnings
$934
Median Rent
$238,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed veterinary facility with an NNN lease and renewal rights extending through 2031.
Where is this nnn property located?
The property is located at 760 Century Ave SW Hutchinson, MN.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 4,855‑square‑foot veterinary property in Hutchinson, MN; Corporate‑guaranteed NNN lease with CareVet; Renewal exercised five months early, extending occupancy through 2031
