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Pittsburg Veterinary Clinic 203 N Greer Blvd 2,216 SF Retail Building Pittsburg, TX 75686 $516,663 ($233.15/SF) 8.92% Cap Rate
Investment Highlights
- Passive Lease Structure: This investment offers a potential investor a very passive, investment for both local and national investors.
- Tenant Investment in Location: Veterinary clinics rarely relocate due to difficulty retaining the same patients in a new location.
- Easy Access to Surrounding Markets: The clinic is strategically located in a residential town that sits at the cross section of the 11 & 271 freeways.
- Established Local Operator: Pittsburg Veterinary Clinic has served the Pittsburg, TX community for over 40 years.
- Scheduled Rental Increases: Annual rental increases provides a future owner with a boost in cash flow and return on their investment.
- Recession Resistant Property: Veterinary properties are extremely sought-after investments for their resistance to downturns in the economy.
Executive Summary
Patrick Graham
License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
License # 9005919, 528005 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Building Size
2,216 SF
Building Class
C
Year Built
2000
Price
$516,663
Price Per SF
$233.15
Cap Rate
8.92%
NOI
$46,086
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.39 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6996 | Improvements Assessment | $254,962 |
| Land Assessment | $181,384 | Total Assessment | $436,346 |
Property Taxes
Parcel Number
6996
Land Assessment
$181,384
Improvements Assessment
$254,962
Total Assessment
$436,346
(424) 277-6755
x3885
Contacts
-
Cameron Davodi -
Andrew Evans -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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Pittsburg Veterinary Clinic | 203 N Greer Blvd
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