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1246 N Business 45, Corsicana, TX, 75110

Rogers Animal Hospital

$1,971,429

Key Information

Cap Rate
7.35%
$ per SF
$318
Tot. SF
6,196
Lot Size
3.03 Acres
Year Built
1980
Term Remaining
± 9 Years
Type
Healthcare
NOI
$144,900

Highlights

• Tenant Investment In Location — Veterinary hospitals rarely relocate due to high build-out costs and difficulty in retaining the same patients after moving.
• Very Passive Lease Structure — This investment offers investors a potential investor a very passive “hands-off” investment for both local and national investors.
• Ideal 1031 Exchange Property — With a long-term lease, 15% rental increases every 5 years, and minimal landlord responsibilities, this is an ideal property for a local or out of state investor.
• 5% Admin Fee — The lease is structured to include an additional 5% administration fee that increases the return. The admin fee is calculated as part of the NOI.
• Expanding Operations — AmeriVet Veterinary Partners is a premier veterinary operator that expands by acquiring existing veterinary practices that are already successful and established within their communities. The company has built a substantial national footprint, with 213 veterinary clinics across 37 states, demonstrating its scale, geographic diversification, and established presence throughout the United States.
• $157 Billion Industry — The U.S. pet industry spending exceeds $157 billion annually with a projected CAGR ranging from 7.1% – 8.1% by the early 2030s.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204