Single-Tenant Office Medical
CareVet of Hutchinson
760 Century Ave SW, Hutchinson, MN 55350
Listing Price: $775,000
Investment Overview
This is a $775,000 corporate-guaranteed NNN offering for CareVet of Hutchinson (4,855 SF, 7.52% cap rate, $58,320 NOI) backed by CareVet, a 200+ location national veterinary platform. The tenant just exercised its renewal five months early, extending through 2031 with two 5-year options and 8% rent bumps, signaling strong operator commitment to the site. It's a low-management, recession-resistant healthcare asset in a growing pet-industry sector, located along Hutchinson's primary retail corridor near Walmart, Menards, and other national retailers.
CareVet of Hutchinson
Investment Highlights
- CareVet Proactively Exercised it's First 5-Year Renewal Option Nearly Five Months Before Expiration
- Established Tenant with over 40 Years in Business and Strong Reputation with the Community
- Corporate Backed NNN Lease with One of the Nation's Largest and Fastest Growing Veterinary Practices
Exclusively Listed By
Broker of Record
Listing Price: $775,000
Investment Highlights
- CareVet Proactively Exercised it's First 5-Year Renewal Option Nearly Five Months Before Expiration
- Established Tenant with over 40 Years in Business and Strong Reputation with the Community
- Corporate Backed NNN Lease with One of the Nation's Largest and Fastest Growing Veterinary Practices
Investment Overview
This is a $775,000 corporate-guaranteed NNN offering for CareVet of Hutchinson (4,855 SF, 7.52% cap rate, $58,320 NOI) backed by CareVet, a 200+ location national veterinary platform. The tenant just exercised its renewal five months early, extending through 2031 with two 5-year options and 8% rent bumps, signaling strong operator commitment to the site. It's a low-management, recession-resistant healthcare asset in a growing pet-industry sector, located along Hutchinson's primary retail corridor near Walmart, Menards, and other national retailers.
Exclusively Listed By
Broker of Record
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