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1401 Chris Kelley Blvd, Hutto, TX, 78634

Mission Pet Health
$3,333,888

Key Information

Cap Rate
6.25%
$ per SF
$622
Tot. SF
5,357
Year Built
2020
Term Remaining
±11.22 Yrs
Type
Healthcare
Occupancy
100%
NOI
$208,368

Highlights

  • Stable, Long-Term Investment | Options To Extend: There are just under 12 years remaining on the lease with one, five-year option to extend.
  • Comprehensive Veterinary Service: The facility offers pet preventative medicine, urgent care, wellness exams, spay & neuter, vaccinations, surgery, dental care, diagnostics, microchipping, pharmaceutical services, and pet boarding services 7 days a week.
  • Scheduled Rent Increases | Hedge Against Inflation: The lease feature 2% annual rental increases, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investments.
  • Mission Pet Health Corporate Guaranty: The lease features a corporate guaranty from Mission Pet Health, one of the largest and most reputable veterinary networks in the country. In December 2024, Southern Veterinary Partners merged with Mission Veterinary Partners, bringing together two industry leading operators. The combined group now includes over 840+ hospitals across 41 states, supported by a team of more than 20,000 professionals, significantly enhancing the credit profile and long-term stability of the tenant.

Cameron Davodi, Andrew Evans, Michael Moreno, and Rahul Chhajed (in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204