600 W US Highway 290 - Veterinarian/Kennel FOR SALE
Elgin, TX 78621 |
$6,361,951 USD
773-963-2637
600 W US Highway 290
Elgin, TX 78621
HIGHLIGHTS
- Long-Term Net Lease with Favorable Annual Increases - 2% Annually
- Massive 19+ Acre Parcel with Specialized Equine Infrastructure - Nationally Recognized Horse Vet
- National Veterinary Platform in a Needs-Based Sector – Thrive Pet Healthcare Bought Pathway in Recent Years
- Major Commercial Development Along Highway 290 – Long-Term Land Bank
- Seven Decades of Continuous Operation at the Site – Tenant has been here since 1951
- Surrounding Residential and Industrial Development Nearby
OVERVIEW
Northmarq is pleased to present Elgin Vet Hospital, a 68,967 SF asset located at 600 Highway 290 West, Elgin, TX 78621. The property is offered at $6,361,951, representing a 6.50% cap rate on current NOI of $413,527. The asset is leased to Pathway Vet Alliance LLC with 10+ years of term remaining. The property benefits from a major commercial development along Highway 290.
FOR SALE DETAILS
PRICE
$6,361,951 USD
PRICE/SF
$92 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Elgin Veterinary Hospital
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Veterinarian/Kennel
ADD'L SUBTYPES
Hospital, Rehabilitation Center
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
19.18 AC
LAND SF
835,481 SF
ZONING
-
APN/PARCEL ID
11791
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773-963-2637
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773-963-2637
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