Suveto - Comal Pet Hospital
- Price: $5,476,650
- Cap Rate: 5.00%
- Years Remaining: 8.5
- Rentable Area: 10,775 SF
Previous
Next
Suveto - Comal Pet Hospial
New Braunfels, TX
Investment Highlights
- Sales Price: $5,476,650
- Cap Rate: 5.00%
- Years Remaining: 8.5
- Lot Size: 0.67 Acres
- Market: New Braunfels, 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, Comal Pet Hospital investment property located in New Braunfels, TX. The Tenant, Suveto, has 8 years remaining in their initial term with 4 (5-Year) options to extend. The lease features annual rental increases of 3%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Suveto’s mission is to create innovative software products that simplify veterinary practice management and improve the quality of patient care. The practice was awarded back in spring of 2019 by the TVMA as a Texas Heritage Practice, which means the business has been in the same location and operating as a veterinary practice for over 50 years.
Location
Comal Pet Hospital is strategically located on Interstate 35. The site benefits from superior visibility via significant street frontage and a monument sign situated along I-35. It shares this busy New Braunfels area with national tenants such as Dunkin’, Dutch Bros, McDonalds, The Home Depot, and Wendy’s. The location benefits from the frequent street traffic of I-35 Northbound, which sees 11,583 vehicles daily. The 5-mile trade area is supported by a population of 105,413 and 36,754 daytime employees with an average household income of $78,548.
