3901 S Jack Kultgen Expy - Veterinarian/Kennel FOR SALE


Waco, TX 76711
$1,081,207 USD
949-662-2256
3901 S Jack Kultgen Expy, Waco, TX for Sale
$1,081,207 USD
Veterinarian/Kennel - FOR SALE
1/3
null | 6.5% Cap Rate

3901 S Jack Kultgen Expy
Waco, TX 76711


OVERVIEW

LONG-TERM NNN LEASE There are just over 9 years remaining on the NNN lease with 2% annual increases and two, five-year options to extend. VERY PASSIVE LEASE STRUCTURE There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors. SCHEDULED RENT INCREASES I HEDGE AGAINST INFLATION The lease features 2% annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment. HEALTHCARE REAL ESTATE I RECESSION RESISTANT PROPERTY Veterinary Hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties. HIGH TRAFFIC LOCATION I DIRECT FRONTAGE The ±4,033 SF practice is well positioned off South I-35, offering excellent visibility and direct street frontage, seeing more than 111,000 vehicles per day. BAYLOR UNIVERSITY Just 10 minutes away, Baylor University is a private Christian university and a nationally ranked research institution with more than 20,000 students enrolled annually. Baylor is the oldest continually operating university in Texas. NEARBY HOSPITAL The site is located just 2 miles from Baylor Scott & White Medical Center, a full service, 260-bed hospital offering advanced medical services that include trauma, acute care, orthopedics, sports medicine, a level III neonatal intensive care unit and the most comprehensive freestanding cancer center in the region. FAVORABLE DEMOGRAPHICS This asset caters to more than 130,000 residents within a five-mile radius of the site. COMPREHENSIVE SERVICES I MULTI-DOCTOR LOCATION Waco Animal Emergency Clinic offers a range of veterinary services including emergency pet care, surgical procedures, ultrasounds, digital x-rays, and laboratory services. Its diverse revenue streams provide stability and potential for growth in various service areas. TENANT INVESTMENT IN LOCATION Veterinary Hospitals rarely relocate due to the dif?culty of retaining the same patients in a new location and the high costs associated with moving and build-outs. CONCENTRATED CORRIDOR The property is surrounded by a mix of residential communities, schools, parks, and retail centers, including Central Texas Marketplace, the largest shopping center in Waco, anchored by Kohls, Belk, Marshalls, Petco, and HomeGoods. ROBUST GROWTH INDUSTRY The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period. TAX FREE STATE Texas is one of the nine income tax-free states in the U.S. Andrew Evans, Tyler Swade, Michael Moreno, and Rahul Chhajed 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)

FOR SALE DETAILS

PRICE

$1,081,207 USD

PRICE/SF

$268 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Veterinary Innovative Partners

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

31,058 SF

ZONING

C-2

APN/PARCEL ID

48-009801-000200-0

ASK ABOUT THIS PROPERTY

Andrew EvansMatthews Real Estate Investment ServicesMore Info
949-662-2256

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Andrew EvansMatthews Real Estate Investment ServicesMore Info
949-662-2256

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.