West Houston Veterinary Medical Associates

West Houston Veterinary Medical Associates
Houston, TX

West Houston Veterinary Medical Associates

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Description

The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, West Houston Veterinary Medical Associates investment property located in Houston, Texas. The tenant, Innovetive Petcare, has over 9 years remaining in their initial term with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.25% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof, structure, and parking lot, making it an ideal, low-management investment opportunity for a passive investor. Headquartered in Austin, Texas, Innovetive Petcare owns and operates 21 veterinary practices across six states.

Location

The subject property is strategically located near the signalized, hard corner intersection of Elridge Parkway S and Briar Forest Drive, averaging a combined 62,700 vehicles passing by daily. The property is quipped with a large monument sign, creating excellent visibility along Briar Forest Drive. The site benefits from nearby access to State Highway 5 (81,500 vehicles per day), a thoroughfare that connects directly with Interstate 10 (378,300 vehicles per day), the primary east/west freeway traveling through the Houston MSA. Additionally, the asset is ideally situated adjacent to Parkway Village Shopping Center, a 134,906-square foot neighborhood center anchored by Kroger and Walgreens. Located within an immense retail corridor, the site is nearby to a variety of national/credit tenants including Walmart Supercenter, The Home Depot, Target, Lowe’s Home Improvement, Ross Dress for Less, Walgreens, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the sire. Further, the veterinary office is positioned just 0.5 miles north of Ray Miller Park, a popular scenic attraction with large grass areas perfect for pet owners to walk/run their dogs. Moreover, the asset is surrounded by several apartment complexes including The Dawson (354 units), San Montego (314 units), and Eclipse (330 units), providing a direct residential consumer base from which to draw. The 5-miles trade area is supported by nearly 304,000 residents and 165,000 daytime employees. Residents within 1 mile of the subject property boast an affluent average household income of $114,246.

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    Forest Lake Animal Clinic

    Forest Lake Animal Clinic
    Seabrook, TX

    Forest Lake Animal Clinic

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    Description

    The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, SVP Forest Lake Animal Clinic investment property located in Seabrook, TX. The tenant, Southern Veterinary Partners, has more than 14 years remaining in their primary term with 4 (5-year) options to extend. The lease features 2% annual increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Southern Veterinary Partners is a nationally recognized brand operating over 180 locations nationwide with more than 3,000 employees. 

    Location

    SVP Forest Lake Animal Clinic is strategically positioned along E. NASA Pkwy, a primary commuter and retail thoroughfare averaging 28,500 vehicles passing by daily. The property benefits from nearby on/off ramp access to State Hwy 146, a north/south state highway connecting the Houston MSA. Located in the heart of an immense retail corridor, the building is ideally situated between multiple shopping centers including Miramar Shopping Center (88,191 SF), Lakeside Shopping Center (35,048 SF), and NASA Center Shopping Mall (24,980 SF). Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the sire. In addition, the site profits from its proximity to numerous apartment complexes such as Village on the Lake Apartments (612 units), Encore on the Bay Apartments (296 units), Teakwood at Seabrook Apartments (277 units), and more, providing a direct residential consumer base from which to draw. Moreover, the property is within walking distance to NASA Johnson Space Center, the primary space exploration headquarters for our nation. The Space Center employs over 3,000 people and draws more than 1 million visitors per year to the immediate area. The 5-mile trade area is supported by more than 132,000 residents and 60,000 daytime employees with an affluent average household income of $112,964.

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      Loving Care Pet Hospital

      Loving Care Pet Hospital
      Santa Fe, Texas

      Houston MSA

      Investment Highlights

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      Description

      The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN, freestanding, Loving Care Pet Hospital investment property located in Santa Fe, TX (Houston MSA). The tenant, Best Friends Veterinary Services, Inc., has approximately 7 years remaining in their initial term with 3 (5-year) options to extend. The lease features rare 1.5% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Headquartered in Kent, Washington, Lakefield Veterinary Group currently operates over 50 locations across 9 states.

      Location

      The subject property is strategically located along State Highway 6, averaging a combined 16,000 vehicles passing by daily. The site is equipped with a large pylon sign, creating excellent visibility along State Highway 6. The animal hospital is within walking distance of Santa Fe Plaza, a 53,000 SF shopping center that is anchored by H-E-B. Nearby retail centers significantly increase consumer draw to the immediate trade area and promote crossover store exposure for the site. The Santa Fe retail corridor is also home to a variety of national/credit tenants including Tractor Supply Co., CVS Pharmacy, AutoZone, McDonald’s, O’Reilly Auto Parts, and more, further increasing exposure and crossover synergy for the asset. Furthermore, there is extremely limited competition in the surrounding 5-mile area with the asset being one of only two veterinary hospital options for the city of Santa Fe. Additionally, the property is across from Village Manor Apartments (71 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by a population of nearly 43,000 residents with an affluent average household income of $100,297.

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        Tall City Veterinary Hospital

        NVA – TALL CITY VETERINARY HOSPITAL

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        NVA – TALL CITY VETERINARY HOSPITAL

        4606 W. WALL STREET MIDLAND, TEXAS 79703

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          Bed Bath & Biscuit – North Pines Animal Hospital

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          Blue River Pet Care Willis Texas

          Blue River Pet Care - Willis Texas

          12628 FM 1097 Road W Willis Texas 77318

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