Listed by Matthews
$516,663
Pittsburg Veterinary Clinic
Details
Property Type Office
Sub Type Medical Office, Veterinary
Square Footage 2,216
Cap Rate 8.92%
NOI $46,109
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 14.1
Lease Expiration 08/30/2035
Remaining Term 9.4
Rent Bumps Yes
Lease Options 2 x 5 Year
Price per SqFt $233
Buildings 1
Stories 1
Acreage 1.390
Lease Commencement 08/11/2021
Ownership Fee Simple
8.92% Cap Rate | ±9 Year Lease | 2% or CPI Bumps
Investment highlights
- Passive Lease Structure: This investment offers a potential investor a very passive, investment for both local and national investors.
- Established Local Operator: Pittsburg Veterinary Clinic has served the Pittsburg, TX community for over 40 years, building deep patient loyalty and a strong local reputation that would be extremely difficult for any competitor to replicate.
- Tenant Investment in Location: Veterinary clinics rarely relocate due to difficulty retaining the same patients in a new location, and high costs of moving.
- Scheduled Rental Increases: Annual rental increases provides a future owner with a boost in cash flow and return on their investment, along with a protection against inflation.
- Easy Access to Surrounding Markets: The clinic is strategically located in a residential town that sits at the cross section of the 11 and 271 freeways. Pittsburgh is located along a major commute between Dallas and Little Rock.
- Recession Resistant Property: Veterinary properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
- Rare Large & Small Animal Capability: The clinic’s ability to treat both companion animals and livestock, including cattle and horses, gives it a distinct service advantage and a broader, stickier customer base than a typical small-animal-only practice.
- Robust Industry Growth: 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%
Listing Contacts
Listed by Matthews
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,109.00
$3,842.42/mo
Valuation Metrics
0
DSCR
8.92%
Cap Rate
8.92%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
