Southern Veterinary Partners
Kerrville, TX

OFFERING SUMMARY

Price: $1,493,333
Cap Rate: 6.68%
NOI: $99,775
Gross Leasable Area: 3,692 SF

 
OFFERING HIGHLIGHTS
  • Recession-Resistant Tenant – Veterinary services market has shown consistent growth, driven by increasing pet ownership and spending on pet healthcare.
  • Established, Long-Term Practice – This location was acquired by Southern Veterinary Partners in 2018 because of the site’s strong, successful performance.
  • Strong Population – With 34,000+ residents and 14,000+ households within 5 miles, there is an ample customer base for the tenant.
  • Income Tax-Free State – Texas is an income tax-free state.
  • Attractive Rent Growth – In the initial term, there is an annual rental increase of the greater of CPI or 2% annually.

$1.49M | Active Listings | Double Net+ | Medical / Dental | Net-Leased | San Antonio MSA | STNL | Texas