Alliance Animal Health - Cedar Park Animal Clinic
- Price: $3,065,400
- Cap Rate: 6.00%
- Years Remaining: 15+
- Rentable Area: 10,386 SF
Alliance Animal Health - Cedar Park Animal Clinic - Cedar Park, TX
Investment Highlights
- Sales Price: $3,065,400
- Cap Rate: 6.00%
- Years Remaining: 15
- Lot Size: 0.86 Acres
- Market: Cedar Park, 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 a NNN leased, freestanding, Cedar Park Animal Clinic investment property located in Cedar Park, Texas. The anchor Tenant, Alliance Animal Health, has over 15 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. Alliance Animal Health partners with veterinary practice owners across the U.S., handling the back office work so vets can focus on caring for patients while keeping their medical autonomy. The company now includes 250+ partner practices across 29 states and more than 3,000 team members.
Location
Cedar Park Animal Clinic is strategically located on North Bell Boulevard. The site benefits from superior visibility via significant street frontage and a monument sign situated along North Bell Boulevard. It shares this busy Cedar Park area with businesses like Burger King, Wendy’s, Subway, Walgreens, and Circle K. The location benefits from the frequent street traffic of North Bell Boulevard, which sees 36,157 vehicles daily. The 5-mile trade area is supported by a population of 198,766 and 64,791 daytime employees with an average household income of $187,352.
