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18421 Old Jacksonville Hwy 2,608 SF Retail Building Flint, TX 75762 $611,850 ($234.61/SF) 8.50% Cap Rate
Investment Highlights
- Heartland Veterinary Partners Corporate Guaranty (300+ locations nationwide)
- 41+ Year operating history – established in 1984, the clinic has a long-standing presence in Flint
- NNN lease - minimal landlord responsibilities
- Dominant private equity backing – Supported by Gryphon Investors ($10B+ AUM), driving continued growth
- Full-service clinic with 3 full-time DVMs
- Low rent per SF provides immediate rent defensibility & built-in upside
Executive Summary
• Heartland Veterinary Partners Corporate Guaranty - Lease features a corporate guaranty from Heartland Veterinary Partners – a leading veterinary operator with 300+ locations nationwide and one of the fastest-growing veterinary groups in the United States.
• Full Service Veterinary Hospital - The hospital has 3 DVMs, indicating a strongly performing and high-volume veterinary practice. The Flint Veterinary Clinic is a full-service facility and offers a variety of services including dentistry, exotics, exams, in-house laboratory, laser therapy, pharmacy, radiology, orthopedic surgery, vaccines, and ultrasound imaging.
• NNN Lease - This NNN lease provides an extremely passive investment vehicle with minimal landlord responsibilities.
• Secure Financial Backing - The company is backed by private equity firm Gryphon Investors, a San Francisco-based investment firm with significant healthcare experience and over $10 billion in assets under management (as of January 2026).
• Low Rent Per Square Foot / Sub-$1M Price Point - The property benefits from a low rent per square foot, providing immediate rent defensibility and built-in upside. Additionally, the sub-$1 million purchase price makes the investment accessible to a broad range of buyers.
• Prime East Texas Location - The Flint Veterinary Clinic is located on FM 2493 (Old Jacksonville Highway), a primary corridor between Flint and Tyler with ±32,000 vehicles per day. TxDOT is expanding the roadway from four to six lanes, supporting ongoing population growth and residential development.
• Full Service Veterinary Hospital - The hospital has 3 DVMs, indicating a strongly performing and high-volume veterinary practice. The Flint Veterinary Clinic is a full-service facility and offers a variety of services including dentistry, exotics, exams, in-house laboratory, laser therapy, pharmacy, radiology, orthopedic surgery, vaccines, and ultrasound imaging.
• NNN Lease - This NNN lease provides an extremely passive investment vehicle with minimal landlord responsibilities.
• Secure Financial Backing - The company is backed by private equity firm Gryphon Investors, a San Francisco-based investment firm with significant healthcare experience and over $10 billion in assets under management (as of January 2026).
• Low Rent Per Square Foot / Sub-$1M Price Point - The property benefits from a low rent per square foot, providing immediate rent defensibility and built-in upside. Additionally, the sub-$1 million purchase price makes the investment accessible to a broad range of buyers.
• Prime East Texas Location - The Flint Veterinary Clinic is located on FM 2493 (Old Jacksonville Highway), a primary corridor between Flint and Tyler with ±32,000 vehicles per day. TxDOT is expanding the roadway from four to six lanes, supporting ongoing population growth and residential development.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,608 SF
Building Class
C
Year Built/Renovated
1984/2000
Price
$611,850
Price Per SF
$234.61
Cap Rate
8.50%
NOI
$52,007
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.53 AC
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1-00000-0018-01-010000 | Improvements Assessment | $184,038 |
| Land Assessment | $15,120 | Total Assessment | $199,158 |
Property Taxes
Parcel Number
1-00000-0018-01-010000
Land Assessment
$15,120
Improvements Assessment
$184,038
Total Assessment
$199,158
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18421 Old Jacksonville Hwy
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