15820 Mueschke Road, Cypress, TX, 77433
Cypress Fairhaven Animal Hospital
Key Information
Highlights
NNN Lease Structure
• Southern Veterinary Partners operates under a 15-year NNN lease, providing a net-leased investment structure backed by a national veterinary operator.
2% Annual Rental Increases
• The lease includes 2% annual rent increases, providing contractual income growth throughout the lease term.
Attractive Current Yield
• The property is offered at $8,373,268, representing a 6.50% cap rate on approximately $544,262 of annual NOI.
Modern Veterinary Facility
• Built in 2021, the ±23,300-square-foot veterinary facility offers a established veterinary facility and is situated on ±0.94 acres.
Two Renewal Options
• The lease includes two, five-year renewal options, providing the tenant with the ability to extend occupancy beyond the initial lease term.
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