2446 Schnoor Ave Madera, CA 93637
- Retail properties
- 4,200 SF
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2446 Schnoor Ave
- Year built
- 2006
- Lot size
- 1.00 lot acres
- Property size
- 4,200 SF
- Property type
- Retail properties
- Property subtype
- Medical space
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madera
- County
- Madera
- State
- California
- Longitude
- -120.085
- Latitude
- 36.9745
