Sales Price: $1,600,000
Cap Rate: 7.50%
Market: Willis, Texas
Options: Tenant has Three 5-Year Options to renew
In Willis, Texas
Minimal LL Responsibility
Well performing Vet Hospital
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, Blue River Pet Care investment property located in Willis, Texas. The tenant, BRM TX MGMT LLC., recently executed a rare 5-year extension providing for an initial term through 2025, and has 3 additional (5-year) options to extend.
The subject property is located along State Highway 1097, a major retail thoroughfare with nearly 10,700 passing by daily. The 5-mile trade area is supported by a population of over 35,500 with an average household income of $102,000.