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10-Year Corporate Veterinary Hospital W/ VetC 9324 Highway 290 W

7,624 SF 100% Leased Retail Building Austin, TX 78736 £4,123,289 (£541/SF) 6.25% Net Initial Yield

Investment Highlights

  • The Anchor Tenant, VetCor is an 890+ Unit Operator of Corporate Veterinary Clinics Across the United States
  • Austin Veterinary Diagnostic Hospital Was Recently Acquired By VetCor For the Clinics Strong Performance
  • Austin, TX Has Become Home to Major Companies Such as Amazon, Google, Oracle and Tesla Etc.
  • The Two Majority Tenants Have a Long Term Operating History at the Site Both Being 10+ Years
  • The Site is Located Just 13-Miles From Downtown Austin, TX

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 8,664 SF Austin Veterinary Diagnostic Hospital Located at 9324 US290 in Austin, TX. The Anchor Tenant, Austin Veterinary Diagnostic Hospital Signed a 10-Year Lease, Giving Investors a Long & Stable Investment.

In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BOR: Max Freedman Lic. TX #644481

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
7,624 SF
Building Class
B
Year Built
1986
Price
£4,123,289
Price Per SF
£541
Net Initial Yield
6.25%
NOI
£257,706
Percent Leased
100%
Number of Floors
1
Building FAR
0.17
Land Acres
1.03 AC
Frontage
219 ft on Hwy 290 W

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Hill Country Automotive
  • Retailer
  • 3,900 SF
  • -
  • Triple Net
  • Sep 2029
  • Spectrum Gulf Coast, LLC
  • Retailer
  • -
  • -
  • -
  • May 2026
  • VetCor
  • Health Care and Social Assistance
  • 4,764 SF
  • -
  • Triple Net
  • Jul 2034
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Hill Country Automotive Retailer 3,900 SF - Triple Net Sep 2029
Spectrum Gulf Coast, LLC Retailer - - - May 2026
VetCor Health Care and Social Assistance 4,764 SF - Triple Net Jul 2034

Links

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PROPERTY TAXES

Parcel Number 312311 Improvements Assessment £899,073
Land Assessment £531,001 Total Assessment £1,430,074

PROPERTY TAXES

Parcel Number
312311
Land Assessment
£531,001
Improvements Assessment
£899,073
Total Assessment
£1,430,074
(737) 234-3972

  • Listing ID: 33360483

  • Date on Market: 01/10/2024

  • Last Updated:

  • Address: 9324 Highway 290 W, Austin, TX 78736

The Retail Property at 9324 Highway 290 W, Austin, TX 78736 is currently available For Sale. Contact Sands Investment Group Austin, LLC for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

10-Year Corporate Veterinary Hospital W/ VetC | 9324 Highway 290 W
(737) 234-3972 x

10-Year Corporate Veterinary Hospital W/ VetC | 9324 Highway 290 W

1/2

Gage Earnhart

(737) 234-3972

(737) 234-3972

Max Freedman

(512) 766-2711

(512) 766-2711

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