Retail    

Veterinary Emergency Group

 Katy, Texas

Asking Price

$3,844,000

Cap Rate

5.25%

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NNN Lease Structure

10-Year Corporate Lease

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Excellent

Highway Visibility

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Outparcel to Kroger

Grocery-Anchored Center

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Veterinary Properties are

Recession-Resistant

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Over 100K Households

300K+ Residents

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  •  NNN Lease Structure - Tenant Pays Admin, Management and Capital Costs
  • 50+ Unit Operator - Locations in 20 States
  • Over 100K Households with 300K+ Residents - within 5 Miles (Over 58% of TX Households Own a Pet)
  • Highly Affluent Houston Submarket - $148,000 Avg HH Income within 1 Mile
  • 10-Year Corporate Lease - With Just Under 8 Years Remaining and 9% Increases Every 5 Years
  • Veterinary Properties are Recession-Resistant
  • Directly Adjacent to TX Hwy 99 - Visible to 118,198 VPD
  • Newer (2021) Institutional Quality Construction
  • Outparcel to Kroger Grocery-Anchored Center - (868K Visitors per Year per Placer.ai)
  • Income Tax-Free State

Exclusively Listed By

Riley Sharman

Vice President
  rsharman@northmarq.com      832.497.2558
TX Lic. #781579

Brian Lane

Senior Associate
  blane@northmarq.com   

In Association With
Jim Gibson

TX Lic. #392926

Northmarq

One Riverway Drive, Suite 1600
Houston, TX 77056


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