8351 Justin Rd - Veterinarian/Kennel FOR SALE


Double Oak, TX 75077
$2,083,335 USD
310-709-8985
8351 Justin Rd, Double Oak, TX for Sale
$2,083,335 USD
Veterinarian/Kennel - FOR SALE
1/8
null | 6% Cap Rate

8351 Justin Rd
Double Oak, TX 75077


HIGHLIGHTS

  • AAHA-accredited veterinary hospital with full-service capabilities
  • Over $600,000 in tenant-funded renovations since 2020
  • Corporate-guaranteed NNN lease with ±10 years remaining
  • Located across from The Shops at Highland Village retail hub
  • $4B equity recapitalization backing tenant’s national platform
  • Average household income of $193,802 within 2 miles

OVERVIEW

Located in the affluent North Dallas suburb of Double Oak, this purpose-built veterinary hospital presents a rare opportunity to acquire a fully stabilized, NNN-leased investment with over 10 years of remaining term. Mission Pet Health, the tenant, is a national veterinary platform formed from the 2025 merger of Southern Veterinary Partners and Mission Veterinary Partners, now operating over 840 locations across 41 states. The lease is backed by a corporate guaranty and supported by $4 billion in new equity capital from Shore Capital Partners and Silver Lake Management. The ±6,644 SF facility was custom-designed by BDA Architecture, a global leader in veterinary hospital design, and underwent significant capital improvements including a new roof (2020), full interior remodel (2021), and HVAC upgrade (2023)—all funded by the tenant. The hospital holds AAHA accreditation, a distinction earned by only 15% of U.S. veterinary practices, underscoring its commitment to excellence in care and operations. Strategically positioned along FM 407 (Justin Rd), the property benefits from high visibility and proximity to high-income communities such as Flower Mound, Bartonville, and Highland Village. It sits directly across from The Shops at Highland Village, a premier retail center featuring Whole Foods, Lululemon, and Cheesecake Factory, driving consistent consumer traffic and brand exposure. With a low rental rate of $18.81/SF, annual CPI or 2% increases, and a potential 20% rent bump tied to revenue performance, this asset offers inflation-protected income and long-term stability. The Dallas-Fort Worth MSA’s robust growth, affluent demographics, and strong pet ownership trends further enhance the investment appeal.

FOR SALE DETAILS

PRICE

$2,083,335 USD

PRICE/SF

$314 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Double Oak Veterinary Medical Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

R273086

ASK ABOUT THIS PROPERTY

Daniel SolomonKidder MathewsMore Info
310-709-8985

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Daniel SolomonKidder MathewsMore Info
310-709-8985

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