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Mission Pet Health 5201 Bellaire Blvd 3,857 SF Retail Building Bellaire, TX 77401 $2,400,000 ($622.25/SF) 6.01% Cap Rate
Investment Highlights
- The brand new 10-yearr lease commenced in April 2026, allowing investors the opportunity to capitalize on nearly the entire lease term.
- SVP recently completed a $8.6B merger with Mission Veterinary Partners, forming one of the largest veterinary care group in the country
- The average household income within a 1-mile radius of the property exceeds $170,000, which is 42% higher than the Houston metro average.
- The lease features 2.50% annual rent increases throughout the initial term and in each of the two (2) 5-year options.
- Property was fully renovated in 2025, including a new TPO roof, new HVAC, and new electrical and plumbing systems.
- Home values in the area also continued to rise, averaging more than $1 million within a 1-mile radius.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,857 SF
Building Class
C
Year Built/Renovated
1989/2025
Price
$2,400,000
Price Per SF
$622.25
Cap Rate
6.01%
NOI
$144,240
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.36 AC
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0070580470001 | Improvements Assessment | $269,990 |
| Land Assessment | $465,000 | Total Assessment | $734,990 |
Property Taxes
Parcel Number
0070580470001
Land Assessment
$465,000
Improvements Assessment
$269,990
Total Assessment
$734,990
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