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31306079
31306080

18421 Old Jacksonville Hwy, Flint, TX 75762 For Sale

DS
CA 02105991, AZ SA715485000
Kidder Mathews Los Angeles West
JM
CA 02074226
Kidder Mathews Los Angeles West
Listed by Kidder Mathews Los Angeles West
$611,850
114 days on market
Updated 96 days ago

Flint Veterinary Clinic (Heartland Veterinary Partners)

Details
APN 1-00000-0018-01-010000
Property Type Office, Retail
Sub Type Medical Office, Veterinary Hospital
Square Footage 2,608
Cap Rate 8.5%
NOI $52,008
Occupancy 100%
Tenancy Single
Brand/Tenant Veterinary Hospital, Heartland Veterinary Partners
Lease Type NNN
Lease Term 7.1
Lease Expiration 08/29/2027
Rent Bumps Yes
Lease Options 1, 3 Year Option
Price per SqFt $235
Broker Co-Op Yes
Year Built 1984
Buildings 1
Lot Size (SqFt) 23,261
Investment Type Net Lease
Lease Commencement 08/03/2020
Ownership Fee Simple Absolute

8.50% Cap Rate | Below Market Rent | NNN Lease | Corp Guaranty (±300 Locations)

Marketing description

PROPERTY & LEASE HIGHLIGHTS

Heartland Veterinary Partners Corporate Guaranty - Lease features a corporate guaranty from Heartland Veterinary Partners - a leading veterinary operator with 300+ locations nationwide and one of the fastest-growing veterinary groups in the United States.
Full Service Veterinary Hospital - The hospital has 3 DVMs, indicating a strongly performing and high-volume veterinary practice. The Flint Veterinary Clinic is a full-service facility and offers a variety of services including dentistry, exotics, exams, in-house laboratory, laser therapy, pharmacy, radiology, orthopedic surgery, vaccines, and ultrasound imaging.
NNN Lease - This NNN lease provides an extremely passive investment vehicle with minimal landlord responsibilities.
Secure Financial Backing - The company is backed by private equity firm Gryphon Investors, a San Francisco-based investment firm with significant healthcare experience and over $10 billion in assets under management (as of January 2026).
Low Rent Per Square Foot / Sub-$1M Price Point - The property benefits from a low rent per square foot, providing immediate rent defensibility and built-in upside. Additionally, the sub-$1 million purchase price makes the investment accessible to a broad range of buyers.
Prime East Texas Location - The Flint Veterinary Clinic is located on FM 2493 (Old Jacksonville Highway), a primary corridor between Flint and Tyler with ±32,000 vehicles per day. TxDOT is expanding the roadway from four to six lanes, supporting ongoing population growth and residential development.

Investment highlights

TENANT HIGHLIGHTS

Long Term Commitment To The Site - Operating for 41+ years, this practice has been a staple in the Flint community since opening in 1984. This long operating history reflects the strong reputation the clinic has built and the tenant’s long term stability at this location.

Growth-Oriented Platform - Heartland Veterinary Partners is a leading and rapidly growing veterinary support organization with a strong reputation as a partner of choice. The platform provides comprehensive non-clinical services, allowing veterinarians to focus on patient care while benefiting from national operational support.

Veterinarian-Centered Partnership Model - Heartland Veterinary Partners supports veterinary hospitals while allowing clinics to maintain clinical autonomy and their local brand identity, helping preserve trusted relationships within the communities they serve.

Robust Industry Growth - The global veterinary services market, valued at $150 billion in 2024, is projected to grow at a 7.45% CAGR from 2023 to 2030.

Dominant Private Equity Backing - Supported by Gryphon Investors, a $10B+ AUM private equity firm with extensive experience in scaling healthcare platforms through strategic capital and operational expertise, positioning Heartland Veterinary Partners for continued growth.

• Key Pet Ownership Statistics in the US - 71% of households in the US, or 94 million households, own a pet. This increase in pet ownership trend has fueled demand for veterinary services, including preventive care, diagnostics and treatments. The average US dog owner spends about $2,524 per year on recurring pet costs. People spent $147 billion on pets in 2023, and $152 billion on pets in 2024.

LOCATION HIGHLIGHTS

• Tyler MSA Population Growth - The Tyler Metropolitan Statistical Area (MSA) has grown to approximately 245,000 residents according to recent U.S. Census estimates, reflecting a long-term trend of population expansion. The region has experienced double-digit population growth over the past four decades and continues to attract a younger demographic, with a median age of 33.4, supporting workforce growth and long-term economic development.

• The Great State Of Texas - Texas is the 2nd largest economy in the U.S. with a GDP exceeding $2.7 trillion. A top-ranked business climate with no state income tax, Texas has been recognized as the Best State for Business for the past 21 years by Chief Executive Magazine. Texas’s pro-business policies and resident-friendly regulations have fueled both corporate relocations and population influx. U.S. Census Bureau data shows that between July 1, 2022, and July 1, 2023, Texas added +/- 470,000 new residents.

• Affluent Demographics - The property caters to over 37,121 residents within a 5-mile radius and 162,662 residents within a 10-mile radius. The average household income within a 2-mile radius is $120,235.

• Strategic Location - The Flint Veterinary Clinic is located in Flint, TX within the Tyler MSA, a key East Texas hub with a strong healthcare and employment base. Positioned approximately 11 miles south of Tyler, the property serves a broad regional population, benefiting from proximity to major healthcare systems and surrounding communities including Tyler, Bullard, and Whitehouse.

• Active Growth & Development In The Tyler MSA - The Tyler–Flint area continues to see strong growth with several nearby developments, including The Glen Apartments, Legacy Bend (±200-acre master-planned community), and The Crossing Town Center (±172-acre mixed-use project). These developments highlight ongoing population and commercial expansion, supporting increased demand in the area.

• Positioned Along Primary Flint-Tyler Commuter Corridor - Located along FM 2493 (Old Jacksonville Highway), a major north-south commuter corridor with ±32,000 vehicles per day, the property benefits from strong visibility and surrounding residential growth.

Listing Contacts

DS
CA 02105991, AZ SA715485000
Kidder Mathews Los Angeles West
JM
CA 02074226
Kidder Mathews Los Angeles West
Listed by Kidder Mathews Los Angeles West

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DSCR
8.5%
Cap Rate
8.5%
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Additional Information

Name
Paula Danker
License
TX 830945
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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