Cap Rate
7.00%
Price Per SF
$232
Gross SQFT
14,100
Year Built
2004
Term Remaining
±12.6 YRS
NOI
$229,250
Property Type
Healthcare
LEAD LISTING AGENT
Email
[email protected]
License No.
02055475 (CA)
Direct
+1 (949) 662-2256
Mobile
+1 (925) 360-0277
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – This investment offers a potential investor a completely passive, long-term investment with minimal landlord responsibilities for both local and national
investors - Scheduled Rental Increases – 10% rental increases every 5 years provide a future owner with a boost in cash flow and return on their investment, along with protection against inflation
- E-Commerce & Recession-Resistant Property – Pet care facilities are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties
- Tenant Investment in Location – Pet care facilities rarely relocate due to difficulty retaining the same patients in a new location, and the high costs of moving
- Prominent Location with a Dense Retail Corridor – Lone Star Pet Lodges is ideally located in a prime retail area with proximity to National Tenants including Walmart, The Home Depot, Kohl’s, Target, Kroger, Chick-fil-A, Chipotle, Starbucks, Raising Canes, and many more
- Easy Access to Surrounding Markets – The property is strategically located in the Southwest Corridor just ±21 miles outside of Houston and is easily accessible to nearby submarkets
- Extremely Dense, Real Estate – The asset caters to over 228,658 residents within a 5-mile radius who boasts an average household income of over $126,227
- Andrew Evans, Rahul Chhajed & Michael Moreno (in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code).
Broker of Record
- Patrick Graham
- License No. 9005919 (TX)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225