Los Caballos Veterinary Clinic

• Los Caballos Veterinary Clinic provides comprehensive medical, surgical, and preventive care for companion animals, horses, and livestock. Services include wellness exams, vaccinations, dentistry, general and orthopedic surgery, hospitalization, laboratory testing, digital radiology, and ultrasound. The practice also offers specialized equine and livestock services, including reproductive care, obstetrics, herd health management, colic treatment, emergency care, and farm and ranch visits.
• Founded in 1973, Los Caballos Veterinary Clinic has served the community for over 50 years, establishing itself as a trusted staple of veterinary care for pets and their families throughout San Angelo.
• With current rent of just $6.49 per square foot, the property offers investors an attractive below-market rent basis with meaningful long-term upside potential.
• Heartland Veterinary Partners exercised its lease extension option on February 1, 2026, reinforcing its long-term commitment to the location.
• The lease features a corporate guaranty from Heartland Veterinary Partners, one of the fastest-growing veterinary groups in the United States, operating over 300 locations nationwide.
• Heartland Veterinary Partners is backed by Gryphon Investors, a San Francisco-based private equity firm with over $10 billion in assets under management and significant experience investing in the healthcare sector, providing financial strength and stability behind the lease.
• Los Caballos’ equine and livestock services are supported by Tom Green County’s agricultural base, which ranks 4th in Texas and 15th nationwide in sheep, goat, wool, mohair, and milk sales (USDA, 2022). With 33,927 sheep, 19,622 goats, and 30,095 cattle in the county, and San Angelo home to Producers Livestock Auction, the nation’s largest sheep and goat market, the practice draws on a recurring ranch-client base alongside its companion-animal business.
• San Angelo’s economy is anchored by non-cyclical institutions: Shannon Medical Center (4,149 employees), Goodfellow Air Force Base (6,567 direct employees), and Angelo State University (1,558 employees, 12,003 students). This diversified base supports stable household formation and consistent demand for veterinary care.
• Veterinary hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
• The global veterinary services market, valued at $156.5 billion in 2025, is projected to reach $263.1 billion by 2034, growing at a compound annual rate of 5.94%.