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  • Done Deals
  • 10006 SQ Feet

Single Tenant Net Lease National Credit Vet Clinic

location-pin 15950 Great Oaks Drive, Round Rock, TX

property Highlights

• STNL National Credit Vet with over 950 locations
• Could be a great opportunity for buyers who are looking to invest
1031 proceeds.
• National credit “essential business” tenant with annual rent
bumps, in a good location, and surrounded by other medical
businesses.
• With over 950 locations, National Veterinary Associates (NVA™)
is the largest private owner of freestanding veterinary hospitals
in the United States. (source: LinkedIn)
• According to research from the American Pet Products
Association and the American Veterinary Association, over 50%
of the households in the US have a pet and most people consider
their pet to be a family member.
• USA Today reports on 4/28/20 “America’s animal shelters have
been transformed during the COVID-19 pandemic by surging
adoptions…”

 

RENT ESCALATIONS: Jan 31st of each year the rent increases per CPI for all urban consumers in the metropolitan area.
LEASE EXPIRATION: 7/31/27
LEASE TYPE: NNN
LANDLORD RESPONSIBILITIES: Roof and Structure
TENANT: Round Rock Management Co. dba Great Oaks Animal Hospital
LEASE GUARANTOR: National Veterinary Associates, Inc
LAND SIZE: 1.4 Acres
TOTAL BUILDING SF: 10,006
YEAR BUILT: 1999/2002
ZONING: City of Round Rock ETJ

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