Rogers Animal Hospital | Available For Sale
$2,070,000
1246 North Business 45, Corsicana, TX 75110
For Sale
Office
Unknown Sub Type
Active
Last Updated: 03/13/2025
7
Cap Rate
144,900
NOI
Details:
Cap Rate: 7%
NOI: $144,900
Building Size: 6,196 sqft
Lot Area: 3.025 acres
Year Built: 1980
Price Per Sqft: $334.09
Lease Expire Year: 7/31/2035
Highlights:
- Tenant Investment in Location: Veterinary hospitals rarely relocate due to high build-out costs and difficulty in retaining the same patients after moving.
- Very Passive Lease Structure: This investment offers investors a potential investor a very passive “hands-off” investment for both local and national investors.
- Ideal 1031 Exchange Property: With a long-term lease, 15% rental increases every 5 years, and minimal landlord responsibilities, this is an ideal property for a local or out of state investor.
- 5% Admin Fee: The lease is structured to include an additional 5% administration fee that increases the return. The admin fee is calculated in the NOI
- Expanding Operations: AmeriVet Veterinary Partners is a premier veterinary operator that expands by acquiring existing veterinary practices that are already successful and established within the community.
- $99 Billion Industry: The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.
- Specialized Large Animal Services provided at subject property: Large animal veterinary services are specialized veterinary services that are focused on the health and well-being of large animals such as cows, horses, pigs, sheep, and goats. A large animal vet, also known as a livestock veterinarian, is a veterinarian who is specifically trained to diagnose, treat, and prevent disease in these types of animals.
- Keegan Mulcahy and Chuck Evans (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
Description:
Listed In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code
Broker of Record
Patrick Graham
License No. 9005919 (TX)
Documents:
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Offering Memorandum
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