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721 N Keys Rd
Yakima, WA 98901
Terrace Heights Family Pet Clinic |NNN| 5Yrs · Office Property For Sale


Investment Highlights
- OVER 5 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
- STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
- EXCELLENT VISIBILITY | LOCATED OFF N KEYS ROAD | LOCATED ALONG MAJOR THOROUGHFARE
- LIMITED LANDLORD RESPONSIBILITIES | LOW-MANAGEMENT
Executive Summary
TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Terrace Heights Family Pet Clinic investment property located in Yakima, Washington. The Tenant, Western Veterinary Partners, has over 5 years remaining in their recently extended term with 1 (one) 5-year options to extend. The lease features annual rental increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Western Veterinary Partners acquires and supports veterinary practices and animal hospitals with the non-clinical business challenges they face by providing industry proven non-clinical administrative support services.
Terrace Heights Family Pet Clinic is strategically located on N Keys Road. The site benefits from superior visibility via significant street frontage and a monument sign situated along N Keys Road. It shares this busy Yakima area with businesses like Burger King, 7-11, Subway, True Value, Shell. The location benefits from the frequent street traffic of N Keys Road, which sees 1,070 vehicles daily. The 5-mile trade area is supported by a population of 99,529 and 46,720 daytime employees with an average household income of $86,828.
Terrace Heights Family Pet Clinic is strategically located on N Keys Road. The site benefits from superior visibility via significant street frontage and a monument sign situated along N Keys Road. It shares this busy Yakima area with businesses like Burger King, 7-11, Subway, True Value, Shell. The location benefits from the frequent street traffic of N Keys Road, which sees 1,070 vehicles daily. The 5-mile trade area is supported by a population of 99,529 and 46,720 daytime employees with an average household income of $86,828.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
2,534 SF
Building Class
B
Year Built
1999
Price
$1,135,993 CAD
Price Per SF
$448.30 CAD
Cap Rate
7%
NOI
$79,520 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,534 SF
Building FAR
0.12
Lot Size
0.47 AC
Zoning
M1 - Light, industrial district
Parking
12 Spaces (4.74 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 191317-41403 | Improvements Assessment | $724,109 CAD |
| Land Assessment | $114,778 CAD | Total Assessment | $838,887 CAD |
Property Taxes
Parcel Number
191317-41403
Land Assessment
$114,778 CAD
Improvements Assessment
$724,109 CAD
Total Assessment
$838,887 CAD
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