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28282 Dorothy Dr 3,560 SF Retail Building Agoura Hills, CA 91301 $3,250,757 CAD ($913.13 CAD/SF) 6.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Lease has a corporate guaranty from Vetcor – a leading acquiror and operator of 905+ general practice veterinary hospitals across the US & Canada.
  • This practice is a well-known staple in the Agoura Hills & nearby communities, in operation for 30+ years.
  • Agoura Hills is a pocket of strong residential and commercial expansion, surrounded by desirable neighborhoods and luxury residential communities.
  • Lease features above average 2.5% annual rental increases, delivering stronger rent growth and inflation protection over lease term.
  • The property caters to over 62,053 residents within a 5 mile radius and 450,452 residents within a 10 mile radius.
  • The global veterinary services market, valued at $150 billion in 2024, is projected to grow at an 8.7% CAGR from 2023 to 2030.

EXECUTIVE SUMMARY

Positioned in the heart of affluent Agoura Hills, this NNN-leased veterinary hospital offers a rare opportunity to acquire a stabilized, passive investment backed by a corporate guaranty from VetCor, a leading veterinary operator with over 905 practices across North America. The ±3,560 SF facility sits on a ±11,898 SF parcel with excellent visibility and access just off the 101 Freeway, benefiting from over 11,000 vehicles per day on Dorothy Drive and 144,000+ VPD nearby.
The tenant, Agoura Animal Clinic, has been a trusted name in the community for over 30 years and was acquired by VetCor due to its exceptional performance. The lease includes 2.5% annual rental increases, providing built-in inflation protection and long-term income growth. With ±4.5 years remaining on the initial term and two 5-year renewal options, this asset offers both security and upside.
Agoura Hills is a high-income, supply-constrained market with a growing residential base and strong economic fundamentals. The property is adjacent to the Eastwood Ranch Foundation Rescue & Adoption Center, which consistently refers patients to the clinic, ensuring a steady stream of clientele. Surrounded by luxury housing, national retailers, and upcoming multifamily developments, the location is poised for continued appreciation.
This offering is ideal for investors seeking a recession-resistant, healthcare-aligned asset with minimal landlord responsibilities and a strong tenant covenant.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
3,560 SF
Building Class
C
Year Built/Renovated
1980/2020
Price
$3,250,757 CAD
Price Per SF
$913.13 CAD
Cap Rate
6.50%
NOI
$211,299 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.27 AC
Zoning
CRS-FC
Parking
15 Spaces (4.31 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage

NEARBY MAJOR RETAILERS

Hardcore Fitness
Precision Crossfit
The Habit Burger Grill
Urbane Cafe-agoura Hills
Trader Joe's
Vons
Ralphs
Bank of America
U.S. Bank
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2061-012-002
Land Assessment
$591,262 CAD
Improvements Assessment
$1,379,633 CAD
Total Assessment
$1,970,895 CAD
  • Listing ID: 37626905

  • Date on Market: 2025-09-10

  • Last Updated:

  • Address: 28282 Dorothy Dr, Agoura Hills, CA 91301

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