Amerivet - Cowboy Kennels
- Price: $1,338,181.80
- Cap Rate: 5.50%
- Years Remaining: 19
- Rentable Area: 6,176 SF
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Amerivet - Cowboy Kennels
San Antonio, TX
Investment Highlights
- Sales Price: $1,338,181.80
- Cap Rate: 5.50%
- Years Remaining: 19
- Lot Size: 0.28 Acres
- Market: San Antonio, Texas
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an NNN leased, freestanding, Cowboy Kennel investment property located in San Antonio, Texas. The Tenant, AmeriVet Partners Management, Inc., has 19 years remaining in their initial term with 4 (5-Year) options to extend. The lease features rental increases of 10% every 5 years. The lease is an absolute triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. AmeriVet has experienced rapid growth since acquiring its first practice in 2017 and currently operates over 140 practices. It also employs over 2,300 people nationwide.
Location
Cowboy Kennel is strategically located off of McCullough Avenue, which averages over 6,000 vehicles passing by daily. The site benefits from superior visibility via significant street frontage and a large pylon sign on McCullough Avenue. The location is 2 miles from Midtown San Antonio and under 5 miles from Downtown San Antonio. It is also less than 2 miles from Highway 281, which averages over 150,000 daily vehicles at the nearest section of the highway. The 5-mile trade area is strongly supported by a population of over 330,524 and 238,330 daytime employees with an average household income of $76,889.
