Property profile

2446 Schnoor Ave Madera, CA 93637

OFF-MARKET
Retail properties & Spaces
4,200 SF 1 ac lot Built 2006
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Property summary

AI-generated overview

This exceptional investment opportunity presents a single-tenant, NNN-leased veterinary clinic in Madera, CA. The 4,200 square foot building, constructed in 2006, sits on a one-acre lot with 15 parking spaces. Currently 100% occupied by VetCor, a well-established veterinary services company with a strong track record, the lease boasts a 7.75% cap rate and a remaining term of two years, followed by three five-year renewal options. Annual rent increases of 2% are built into the lease, ensuring consistent income growth. The property enjoys high visibility on Schnoor Avenue, a busy thoroughfare near Home Depot and Starbucks, benefiting from significant street frontage and a prominent facade sign. The strong demographics of the area, with over 87,633 residents and 17,815 daytime employees within a five-mile radius, and an average household income of $90,345, further enhance the investment's appeal. The property's location offers excellent access and visibility, making it an ideal, low-management investment opportunity for a passive investor. The lease includes limited landlord responsibilities, focusing on the roof, parking lot, foundations, structure, HVAC, and sewer. The asking price is $2,094,219, with a price per square foot of $498.62 and a Net Operating Income (NOI) of $162,302. The property's APN is 013-230-001-000.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2006
Total area 4,200 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2446 Schnoor Ave Madera, CA 93637
Madera metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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