Listed by Hunington Properties
$2,095,032
Penny Paws Animal Hospital
Details
Property Type Office, Retail
Sub Type Medical Office, Pharmacy/Drug
Square Footage 2,577
Cap Rate 6.32%
NOI $132,490
Occupancy 100%
Tenancy Single
Brand/Tenant People, Pets
Lease Type NNN
Lease Term 15
Lease Expiration 11/30/2036
Remaining Term 10.5
Rent Bumps Yes
Lease Options Three (3), 5 Year Renewal Options
Broker Co-Op Yes
Buildings 1
Stories 1
Acreage 0.567
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 11/23/2021
Ground Lease No
Ownership Fee Simple
900+ Unit Corporate Net Lease Vet Clinic || DFW Metroplex || Tarrant County
Marketing description
Investment highlights
- Corporate Backed Net Lease Animal Hospital / Veterinary Clinic
- Tenant Provides The Community With Pet Vaccinations, Heartworm Testing, Pet Microchips
- Tenant: People, Pets, and Vets, LLC. Services include: pet vaccinations, heartworm testing, pet microchips, annual bloodwork, teeth cleaning, general surgery, end of life care, spay/neuter, fecal testing, ultrasound/echocardiogram, seasonal allergies, pet boarding, emergency services, and pet grooming.
- In 2022, VetCor acquired People, Pets, & Vets. VetCor is a leading veterinary services company with over 900 animal hospitals located throughout the United States and Canada.
Listing Contacts
Listed by Hunington Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$132,489.70
$11,040.81/mo
Valuation Metrics
0
DSCR
6.32%
Cap Rate
6.32%
ROI
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