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1210 E New Hope Dr - Mission Pet Health 5,983 SF Health Care Building Offered at $4,468,288 at a 6.25% Cap Rate in Cedar Park, TX 78613
INVESTMENT HIGHLIGHTS
- Stable, Long-Term Investment | Options To Extend: There are just under 12 years remaining on the lease with one, five-year option to extend.
- Scheduled Rent Increases | Hedge Against Inflation: The lease feature 2% annual rental increases, providing a future owner with a boost in cash flow.
- In December 2024, Southern Veterinary Partners merged with Mission Veterinary Partners, bringing together two industry leading operators.
- Comprehensive Veterinary Service: The facility offers exams and consultations, vaccinations, spay & neuter, dental care, microchipping, and more.
- Mission Pet Health Corporate Guaranty: The lease features a corporate guaranty from Mission Pet Health
- The combined group now includes over 840+ hospitals across 41 states, supported by a team of more than 20,000 professionals.
EXECUTIVE SUMMARY
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Cameron Davodi, Andrew Evans, 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).
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Cameron Davodi, Andrew Evans, 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).
PROPERTY FACTS
| Price | $4,468,288 | Building Class | B |
| Price Per Bed | $4,468,288 | Building Size | 5,983 SF |
| Sale Type | Investment | No. Beds | 1 |
| Cap Rate | 6.25% | No. Stories | 2 |
| Property Type | Health Care | Year Built | 2017 |
| Price | $4,468,288 |
| Price Per Bed | $4,468,288 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Health Care |
| Building Class | B |
| Building Size | 5,983 SF |
| No. Beds | 1 |
| No. Stories | 2 |
| Year Built | 2017 |
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PROPERTY TAXES
| Parcel Number | R660934 | Improvements Assessment | $1,546,731 |
| Land Assessment | $1,529,466 | Total Assessment | $3,076,197 |
PROPERTY TAXES
Parcel Number
R660934
Land Assessment
$1,529,466
Improvements Assessment
$1,546,731
Total Assessment
$3,076,197
(424) 277-6755
x3885
CONTACTS
-
Cameron Davodi -
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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1210 E New Hope Dr - Mission Pet Health
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