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Airport Freeway Animal Emergency Hospital 833 W Airport Fwy 3,963 SF Retail Building Euless, TX 76040 $2,474,000 ($624.27/SF) 7% Cap Rate



INVESTMENT HIGHLIGHTS
- MORE THAN 5 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
- STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
- EXCELLENT VISIBILITY | LOCATED OFF W AIRPORT FREEWAY | LOCATED ALONG MAJOR THOROUGHFARE
- LIMITED LANDLORD RESPONSIBILITIES | LOW-MANAGEMENT
EXECUTIVE SUMMARY
TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Airport Freeway Animal Emergency Hospital investment property located in Euless, Texas. The Tenant, VIP Vet, has over 5 years remaining in their initial term with 2 (two) 5-year options to extend. The lease features annual rental increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Veterinary Innovative Partners (VIP) is a veterinarian-owned network of animal hospitals that combines clinical autonomy with centralized support to deliver high-quality, compassionate, and innovative veterinary care..
Airport Freeway Animal Emergency Hospital is strategically located on W Airport Freeway. The site benefits from superior visibility via significant street frontage and a pylon sign situated along W Airport Freeway. It shares this busy Euless area with businesses like Popeyes, Subway, Starbucks, Metro and The Home Depot. The location benefits from the frequent street traffic of W Airport Freeway, which sees 60,288 vehicles daily. The 5-mile trade area is supported by a population of 243,059 and 110,179 daytime employees with an average household income of $120,873.
Airport Freeway Animal Emergency Hospital is strategically located on W Airport Freeway. The site benefits from superior visibility via significant street frontage and a pylon sign situated along W Airport Freeway. It shares this busy Euless area with businesses like Popeyes, Subway, Starbucks, Metro and The Home Depot. The location benefits from the frequent street traffic of W Airport Freeway, which sees 60,288 vehicles daily. The 5-mile trade area is supported by a population of 243,059 and 110,179 daytime employees with an average household income of $120,873.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,963 SF
Building Class
C
Year Built
2011
Price
$2,474,000
Price Per SF
$624.27
Cap Rate
7%
NOI
$173,189
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.55 AC
Frontage
177’ on W Airport Fwy
AMENITIES
- Dedicated Turn Lane
NEARBY MAJOR RETAILERS
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Airport Freeway Animal Emergency Hospital | 833 W Airport Fwy
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