338 Lafayette St Stockton, CA 95203-3534

Exceptional investment opportunity in Stockton, CA, featuring a 7,500 square foot, fully occupied veterinary clinic. This property boasts a strong 10-year NNN lease with AmeriVet, a reputable and expanding veterinary group, commencing July 28, 2022, and expiring July 27, 2032. The lease includes annual rent bumps of 3%, ensuring consistent income growth. The property underwent extensive renovations in 2020, encompassing upgrades to the roof, HVAC, and electrical systems. Located at 338 & 394 E Lafayette St, Stockton, CA 95203, on a 0.23-acre lot, this strategically positioned clinic benefits from high visibility near major freeways and serves a substantial population of 142,955 residents within a 3-mile radius. The property generates a Net Operating Income (NOI) of $127,459, resulting in an attractive cap rate of 11.59%. The asking price is $1,100,000, translating to a price per square foot of $146.67. The lease includes two 5-year renewal options, providing long-term stability and potential for future appreciation. This is a turnkey investment with minimal landlord responsibilities, offering a secure and profitable addition to any portfolio. The property's strong tenant, consistent rent increases, and prime location combine to create a compelling investment opportunity.