LONE STAR PET LODGES 3207 Williamsburg Ln
14,100 SF Office Building Missouri City, TX 77459 $3,275,000 ($232/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- This investment offers a potential investor a completely passive, long-term investment with minimal landlord responsibilities
- Pet care facilities are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends
- Located in a prime retail area with proximity to National Tenants including Walmart, The Home Depot, Kohl’s, Target, Kroger, Chick-fil-A, etc.
- 10% rental increases every 5 years provide a future owner with a boost in cash flow and return on their investment
- Pet care facilities rarely relocate due to difficulty retaining the same patients in a new location, and the high costs of moving
- The property is strategically located in the Southwest Corridor just ±21 miles outside of Houston and is easily accessible to nearby submarkets
EXECUTIVE SUMMARY
Patrick Graham
Broker of Record
License No. 9005919 (TX)
Broker of Record
License No. 9005919 (TX)
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
14,100 SF
Building Class
B
Year Built
2004
Price
$3,275,000
Price Per SF
$232
Cap Rate
7%
NOI
$229,250
Tenancy
Single
Building Height
1 Story
Typical Floor Size
14,100 SF
Building FAR
0.16
Lot Size
2.05 AC
Parking
69 Spaces (4.89 Spaces per 1,000 SF Leased)
1 of 1
PROPERTY TAXES
| Parcel Number | 0089-00-000-0187-907 | Improvements Assessment | $1,509,206 |
| Land Assessment | $401,580 | Total Assessment | $1,910,786 |
