Listed by Drake Real Estate & Investments
$555,000
Investment Opportunity - Veterinarian Clinic
Details
Property Type Special Purpose
Sub Type Veterinary Clinic
Square Footage 6,525
Net Rentable (SqFt) 6,525
Cap Rate 8.50%
NOI $46,980
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Year Built 2002
Buildings 1
Acreage 3.154
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 07/01/2024
Ground Lease No
Special Purpose | 8.50% CAP | 6,525 SqFt
Marketing description
Property sits on the east side of US Hwy 69 in Jacksonville, TX. Two curb-cuts onto Hwy 69 with north entrance accessible to southbound traffic by turn lane. Located approximately 0.32 miles to the south of the Loop 456 and Hwy 69 intersection. Jacksonville is 30 miles south of Tyler, and 100 miles southeast of Dallas.
Investment highlights
- Special purpose - Vet Clinic
- Approximately 500' frontage on Hwy 69
- Lease type: NNN - 100% leased - National Credit Tenant
- Lease term 5 years - commenced July 2024
- Located in an Opportunity Zone
Listing Contacts
Listed by Drake Real Estate & Investments
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,980.00
$3,915.00/mo
Valuation Metrics
0
DSCR
8.46%
Cap Rate
8.46%
ROI
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Property History
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