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VETERINARY INNOVATIVE PARTNERS | 8% CAP RATE 812 Gilmer Rd

4,084 SF 100% Leased Retail Building Longview, TX 75604 $845,325 ($207/SF) 8% Cap Rate

Executive Summary

Stable Long-Term Investment: Having ±8 years remaining on a NNN lease makes this a very stable long-term investment for both local and national investors.
E-Commerce & Recession-Resistant Property: Veterinary properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
Inflation Protected Lease Structure: Lease features 2% annual increases throughout the lease term which provides great hedge against inflation.
Easy Access to Surrounding Market: This location is strategically located in the heart of Long View, TX, with a population of 85,000+ in the immediate area.
Strategic Location: The Veterinary Clinic is strategically positioned along the highways east of Dallas with roughly ±19,500 traffic count per day in the vicinity.
Robust Industry Growth: The global veterinary services market size is expected to reach $142 billion by 2025, with a CAGR of 5.6% during that period.
Proximity to Major Retail: The clinic is surrounded by retailers including Exxon, Cynergy Technology, Vera Bank, Phoenix Logistics, and more.
Valley Veterinary Care: Valley Veterinary Care (VVC), founded in 2016, operates 24 hospitals in Texas, California, and Colorado. It recently joined the Veterinary Innovative Partners (VIP) network, expanding VIP to nearly 70 hospitals.
Very Passive Lease Structure: There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.
Broker of Record
Patrick Graham
License No. 9005919 (TX)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
4,084 SF
Building Class
C
Year Built
1971
Price
$845,325
Price Per SF
$207
Cap Rate
8%
NOI
$67,626
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Land Acres
1.05 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28227
Land Assessment
$56,670
Improvements Assessment
$176,220
Total Assessment
$232,890
  • Listing ID: 33703881

  • Date on Market: 10/31/2024

  • Last Updated:

  • Address: 812 Gilmer Rd, Longview, TX 75604

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