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Get In Touch10-Year Corporate Veterinary Hospital W/ VetCor (890 Unit Operator) | Austin, TX
VetCor
9324 U.S. 290, Austin, TX 78736, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,664 SF Multi-Tenant Veterinary Hospital NNN Asset Located at 9324 US- 290 in Austin, TX. The Anchor Tenant, Austin Veterinary Diagnostic Hospital Signed a 10-Year Lease, Giving Investors a Long & Stable Investment.
- The Anchor Tenant, VetCor is an 890+ Unit Operator of Corporate Veterinary Clinics Across the United States, Corporately Guaranteeing the Lease
- The Two Majority Tenants Have a Long Term Operating History at the Site Both Being 10+ Years
- Strong Performance From Experienced Operator: Austin Veterinary Diagnostic Hospital Was Recently Acquired By VetCor For the Clinics Strong Performance
- The Site is Located Just 13-Miles From Downtown Austin, TX
- Austin, TX Has Become Home to Major Companies Such as Amazon, Google, Oracle and Tesla, Which Have All Recently Expanded their Operations in the City
In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BOR: Max Freedman Lic. TX #644481
VetCor
9324 U.S. 290, Austin, TX 78736, USA
VETCOR
Established in 1997, Vetcor has built a community-centric veterinary services company supporting over 800 practices across the US and Canada. Vetcor practices thrive with access to a collaborative network while staying true to themselves and their community. All of our practices have a shared goal providing excellent care and service to both patients and clients in their communities. We have built an impressive reputation by maintaining each hospital’s unique way of practicing veterinary medicine while providing tailored support in marketing, training, human resources, accounting, and other areas. Voted the #1 veterinarians in Austin, AVDH is a family-owned veterinary hospital in Southwest Austin. Our full suite of technology and diagnostic and imaging tools enable us to conduct ALL procedures in-house for your convenience. Cutting edge technology, compassionate care, overall wellness, and preventative medicine are a large part of our practice. We pride ourselves on the ability to diagnose and treat even the most complex conditions and diseases.
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Cap Rate: 7.20%
$1,498,438
Available
Price
SOLD
Cap Rate
6.25%
PREMISES
8,664 SF
RENEWAL OPTIONS
2 x 5 Year Options
Lease Expiration
07/31/2034
Lease Type
NNN
RENTAL INCREASES
2% Annually
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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