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33632541
33672406

840 E Main St, Midlothian, TX 76065

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
$1,558,700
8 days on market
Updated 8 days ago

Midlothian Veterinary Clinic (Vetcor)

Details
Property Type Retail, Office
Sub Type Medical Office, Veterinary Hospital
Square Footage 4,800
Cap Rate 7.50%
NOI $116,903
Tenancy Single
Lease Type NNN
Lease Expiration 05/31/2032
Rent Bumps Yes
Lease Options 3, 5 Year Options Remaining
Year Built 1984
Year Renovated 2019
Acreage 0.730
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/13/2022
Ground Lease No

Vetcor Corp. Guaranty (905+ Locations) | NNN Lease | Prime DFW MSA Location

Marketing description

Property & Lease Highlights

• Vetcor Corporate Guaranty - Lease is backed by a corporate guaranty from Vetcor – a leading operator of community-based veterinary hospitals across the United States and Canada, supporting 905+ practices.

• Full-Service Veterinary Facility - The Midlothian Veterinary Clinic is a full-service animal hospital offering comprehensive medical, surgical, and dental services. The facility is equipped with advanced veterinary infrastructure, including in-house diagnostic testing, digital radiography, surgical suites, dental suites, and an on-site pharmacy.

• NNN Lease - This NNN lease provides an extremely passive investment vehicle with minimal landlord responsibilities.

• Additional Revenue Streams - In addition to veterinary care, the facility offers boarding and grooming services, providing additional sources of income.

Investment highlights

Tenant Highlights

• National Platform With Institutional Backing - Vetcor is one of the largest and most established veterinary operators in North America, supporting over 905+ community-based practices across the U.S. and Canada.

• Private Equity Sponsorship - Vetcor is backed by Harvest Partners, LP and Cressey & Company, LP. Harvest Partners manages over $20 billion in assets under management and brings more than 40 years of middle-market investment experience, providing substantial financial strength and operational infrastructure.

• Proven Acquisition and Growth Model - Vetcor continues to expand across North America.

• 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.

• Key Pet Ownership Statistics In The US –

— 72% of households in the US, or 95 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, $152 billion on pets in 2024, and $158 billion in 2025.

Location Highlights

• Beneficiary of Strong Dallas-Fort Worth Growth Trends - Situated within the nation's fourth-largest metropolitan area, Midlothian benefits from strong population growth, new housing development, and expanding economic activity throughout the Dallas-Fort Worth region. The property's location along East Main Street, with direct access to U.S. Highways 67 and 287, provides convenient connectivity to the broader Metroplex while benefiting from Midlothian's ongoing residential and commercial expansion.

• Surrounded by Significant Residential & Commercial Development - Midlothian continues to experience substantial growth, highlighted by the 960-acre Bridgewater master-planned community, which is expected to include more than 2,000 residences, and the ongoing Main Street Towne Crossing development, a major mixed-use retail project anchored by Lowe's and additional national retailers.

• Affluent Demographics - The property caters to over 50,982 residents within a 5-mile radius and 249,778 residents within a 10-mile radius. The average household income within a 5-mile radius is $140,927.

• 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.

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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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$116,903.00
$9,741.92/mo

Valuation Metrics

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DSCR
7.5%
Cap Rate
7.5%
ROI

Map

Zoning

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Last updated Jan 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

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