1369 FULTON ST San Francisco CA 94117-1415

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, mixed-use, SF Pet Hospital investment property located in San Francisco, California. The offering includes a single two-story building, comprised of commercial space on the first floor and a 2 bedroom apartment unit on the second floor, currently master leased to ZEUS Start-up Living through September 2020. The property is currently 100% occupied, and provides multiple sources of potential income for a future investor. The primary tenant, SF VH Corp. (Curo Pet Care), currently has approximately 3 years remaining in their initial term with 3 (5-year) options to extend. The lease features rare 3% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation. San Francisco Pet Hospital, first opened in 1905, is believed to be the oldest veterinary hospital in Northern California.

SF Pet Hospital is strategically situated in the charming neighborhood of NOPA (North of the Panhandle), just a few blocks away from the historic “Painted Ladies” houses and Alamo Square Park. The neighborhood is a trendy area with popular, high rated bars and restaurants along Divisadero and Fulton Street. The building benefits from its ideal location just 0.60 miles east of the University of San Francisco (11,080 students), a private institution that currently ranks in the Top 100 Best Colleges and National Universities of 2020. In addition, the asset is perfectly positioned between Golden Gate Park (1,000+ acres), Buena Vista Park, and Alamo Square Park, three of the most scenic urban environments in all of San Francisco. When it comes to walking/running ones dog, it is hard to find a better place to let them roam than the Golden State Park. In fact, the city of San Francisco as a whole ranks at the country’s #1 city for Outdoor Pet-Friendliness, according to Wallethub. Moreover, the pet hospital is surrounded by several apartment complexes including Mercy Terrace (157 units), Midtown Park (140 units), and Alamo Square Apartments (50 units), providing the clinic with a direct residential consumer base from which to draw. The 5-mile trade area is supported by nearly 891,000 residents and 614,000 daytime employees. Residents within 3 miles of the subject property boast an affluent average household income of $171,000.