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Folsom Ranch Veterinary Hospital 3260 E Bidwell St

6,900 SF Retail Building Folsom, CA 95630 $6,900,000 ($1,000/SF) 6% Cap Rate

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Investment Highlights

New 15-year absolute NNN lease with 10% rental increases every five years
Folsom Ranch Veterinary Hospital offers comprehensive pet services including examinations, surgeries, and specialized care for all types of small pets

Two (2) option periods of five (5) years each, providing a passive long-term income generator

Executive Summary

This veterinary hospital is located just off State Route 50 (115,500 AADT), at the signalized intersection of Alder Creek Parkway and East Bidwell Street with access to more than 43,000 vehicles passing directly in front of the site. Ideal location with proximity to a new commercial shopping center, The Shops at Folsom Ranch (tenanted by Chevron, Starbucks, The Habit Burger Grill, Golden 1 Credit Union, and more).The site is surrounded by major traffic drivers such as UC Davis Health and Dignity Health (combined estimated ±4,500 employees) and Alder Creek Marketplace (anchored by a national grocer).This Chevron is located across the street from residential communities, including Rockress at Folsom Ranch, Oakwood at Folsom Ranch, Broadstone Estates, and Russell Ranch. 118,147 residents live within 5 miles of the site, creating a stable customer base for the site. The average annual household income within a 1-mile radius of this clinic is $282,028. Since the 2010 U.S. Census, the population within a 1-mile radius of the site has increased more than ten-fold, and Folsom’s population increase stands to be more than triple the rate of growth seen across the Sacramento region.