NVA - Retama Equine Hospital
- Price: $1,980,667
- Cap Rate: 5.79%
- Years Remaining: 8
- Rentable Area: 11,880 SF
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NVA - Retama Equine Hospital
Selma, TX
Investment Highlights
- Sales Price: $1980667
- Cap Rate: 5.79%
- Years Remaining: 8
- Lot Size: 2.80 Acres
- Market: Selma, 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 NN leased, freestanding, NVA Animal Hospital investment property located in Selma, Texas. The Tenant, NVA, has over 8 years remaining in their initial term with 2 (5-Year) options to extend. The lease features annual rental increases based on the total percentage increase in the CPI throughout the initial term and option periods, steadily growing NOI, and hedging against inflation. The lease is double net with limited landlord responsibilities of roof and structure, making it an strong, low-management investment opportunity for a passive investor
Location
Retama Animal Hospital is strategically located on the intersection of Evans Road and Lookout Road, which see an average of over 3,200 and 13,100 daily vehicles daily, respectively. The location has superior visibility via significant street frontage signage facing Evans Road. The hospital is 16 miles outside of San Antonio and is 4 miles from the Forum at Olympia Parkway, which has a myriad of shopping options, including Total Wine and More, Home Depot, Best Buy, and Kohl’s. The 5-mile trade area is strongly supported by a population of 160,668 and 45,248 daytime employees with an affluent average household income of $90,229.
