OFFERING SUMMARY
Price: $1,493,333
Cap Rate: 6.92%
NOI: $103,392
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. Latest increase on 8/1/24 was 3.62%