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31763247
31763265

Main Street, Round Rock, TX undefined

JW
NY 31WI0804493
J.H. Winokur Inc
Listed by J.H. Winokur Inc
$1,820,000
50 days on market
Updated 50 days ago

Veterinary Hospital

Details
Property Type Office, Retail
Sub Type Medical Office
Square Footage 3,800
Cap Rate 7.25%
NOI $132,000
Occupancy 100%
Tenancy Single
Brand/Tenant Animal Hospital
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Lease Options 4 Five-year options
Price per SqFt $479
Year Built 2022
Buildings 1
Stories 1
Acreage 0.570
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Sale Condition Sale for leaseback

Austin/Round Rock MSA Animal Hospital Sale-leaseback | 15-year NNN Lease

Marketing description

Veterinary Hospital sale-leaseback presents a compelling net-leased investment opportunity in the path of Austin MSA growth. Built in 2022 as a custom veterinary facility, this 3,800 SF property sits on 0.57 acres and is offered with a new 15-year absolute NNN sale-leaseback, providing zero landlord responsibilities. The lease features 2.5% annual rent increases throughout the primary term and all four 5-year renewal options, creating strong built-in income growth.

The offering is priced at $1,820,000 with current annual rent of $132,000, representing a 7.25% cap rate.

Located in Williamson County just east of Georgetown on Highway 95, the property benefits from exceptional regional momentum. The property site is approximately 16 miles from Samsung’s new multibillion-dollar Taylor semiconductor campus and within easy reach of Georgetown, Round Rock, and Austin. The surrounding area is supported by rising population, strong household incomes, and expanding employment drivers. This modern, purpose-built animal hospital is equipped with advanced diagnostic and radiology capabilities and operated by an established veterinary team, making it an attractive long-term investment in one of Central Texas’ fastest-growing corridors.

Led by the practice owner, team also includes two associate veterinarians (with a third associate veterinarian joining), an orthopedic surgeon, a surgical technician, five veterinary technicians and two kennel technicians. the Hospital’s full range of services include urgent care, dental care, nutritional services, veterinary acupuncture, and spray and neuter. The hospital is equipped with state-of-the-art laboratory machines and radiology equipment. The property is located near the new $50 Billion Samsung Microchip Factory.

PRINCIPALS ONLY

Investment highlights

๏ 15-year Primary Term Absolute NNN Lease

๏ 4 Five-year Tenant Options

๏ 2.50% Annual Rental Increases

๏ $126,157 Average Household Income Area

๏ 6.55% Annual Population Growth Area

๏ Principals ONLY

Listing Contacts

JW
NY 31WI0804493
J.H. Winokur Inc
Listed by J.H. Winokur Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$132,000.00
$11,000.00/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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