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548 W East Ave
Chico, CA 95926
Chico Hospital for Cats (Vetcor) · Retail Property For Sale
Investment Highlights
- Vetcor Corporate Guaranty
- Above-Market 3% Annual Rental Increases
- Additional Land Value – ±13,068 SF Parcel Included
- Attractive Low Rent Basis – $19.34/SF
- Demonstrated Tenant Commitment
- Mission-Critical Use – Specialized Cat Hospital
Executive Summary
ESTABLISHED TENANT COMMITMENT – VETCOR CORPORATE GUARANTY –
Lease is backed by a corporate guaranty from Vetcor, a leading operator of community-based
veterinary hospitals across the United States and Canada, supporting 905+ practices. Vetcor
recently exercised its option to extend the lease on September 1, 2025, demonstrating long-term
commitment to the location.
Lease is backed by a corporate guaranty from Vetcor, a leading operator of community-based
veterinary hospitals across the United States and Canada, supporting 905+ practices. Vetcor
recently exercised its option to extend the lease on September 1, 2025, demonstrating long-term
commitment to the location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
4,135 SF
Building Class
B
Year Built
1998
Price
$1,560,540 CAD
Price Per SF
$377.40 CAD
Cap Rate
7%
NOI
$109,238 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.20
Lot Size
0.48 AC
Zoning
R4 - High Rise Residential
Parking
22 Spaces (2.16 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Numbers | Improvements Assessment | $712,662 CAD | |
| Land Assessment | $354,732 CAD | Total Assessment | $1,067,393 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$354,732 CAD
Improvements Assessment
$712,662 CAD
Total Assessment
$1,067,393 CAD
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