MISSION VETERINARY PARTNERS | 8.50% CAP | 318 E South 11th St
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MISSION VETERINARY PARTNERS | 8.50% CAP 318 E South 11th St
2,831 SF 100% Leased Office Building Abilene, TX 79602 $836,822 ($296/SF) 8.53% Cap Rate
Investment Highlights
- E-Commerce & Recession-Resistant Property- Veterinary properties are extremely sought-after investments for their resistance to downturns in the econo
- Inflation Protected Lease Structure- Lease features 2% annual increases throughout the lease term which provides a great hedge against inflation.
- Easy Access to Surrounding Market- This location is strategically located in the heart of Abilene, with a population of ±111,531 in the immediate area
- Very Passive Lease Structure- There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and
- Stable Long-Term Investment- Having ±7 years remaining on a NN lease makes this a very stable long term investment for both local and national investo
- - The veterinary clinic is strategically positioned in between the cities of Lubbock, Odessa, and Fort Worth with roughly ±40,000 traffic count per da
Executive Summary
Broker of Record
Kyle Matthews
License No. 678067 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Cameron Davodi, Andrew Evans, Michael Moreno, and Rahul Chhajed (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)
Kyle Matthews
License No. 678067 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Cameron Davodi, Andrew Evans, Michael Moreno, and Rahul Chhajed (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)
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,831 SF
Building Class
C
Year Built
1984
Price
$836,822
Price Per SF
$296
Cap Rate
8.53%
NOI
$71,362
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
2,831 SF
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PROPERTY TAXES
| Parcel Number | 45204 | Improvements Assessment | $252,356 |
| Land Assessment | $74,797 | Total Assessment | $327,153 |
PROPERTY TAXES
Parcel Number
45204
Land Assessment
$74,797
Improvements Assessment
$252,356
Total Assessment
$327,153
Contacts
-
Cameron Davodi -
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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MISSION VETERINARY PARTNERS | 8.50% CAP | 318 E South 11th St
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