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Rogers Animal Hospital | Available For Sale

$2,070,000

1246 North Business 45, Corsicana, TX 75110

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)

Map:
Documents:
Title
Offering Memorandum
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Today's Available Mortgage Rates

2907 E Empire St, Bloomington, Illinois 61704

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/13/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$8,267 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 56% LTV $0 Lender fees
Loan Amount $1,288,000 Loan Amount
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$8,220 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $1,265,000 Loan Amount
Bank*Lender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$8,298 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $0 Lender fees
Loan Amount $1,265,000 Loan Amount
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