National Veterinary Associates, Inc

Offering Details

Colliers is pleased to exclusively offer for sale a free-standing, single tenant retail building that is NNN leased to NVA Woodlake Management Inc., a Minnesota corporation and guaranteed by National Veterinary Associates, Inc. through January 31,2029 and then limited to an amount of three years of Base Rent thereafter.  The property is positioned south of the Highway 62 and Lyndale Avenue South interchange at 6436 Lyndale Avenue South in Richfield, Minnesota. 

The building sits in-between the successful Lakewinds Food Co-Op and the City of Richfield municipal liquor store.  It is 100% leased to the vet clinic which has been at this location since 2010 and expanded from 2,739 sf to the full building of 9,183 sf of street level retail clinic space in 2023.

Property Address
6436-6440 Lyndale Avenue S
Richfield, MN 55423

Parcel Numbers
17-028-24-23-0084; 17-028-24-23-0085; 17-028-24-23-0086

Retail Building Size
9,183 SF

Site Size
0.61 Acres

Year Built
1979, renovated 2022

County
Hennepin

Parking
44 spaces

Zoning
C-2 General Commercial

Sale Price
$3,890,767

CAP Rate
6.5%

Net Operating Income
$252,899.88

*Financials on the tenant and guarantor are not available from the private equity owned