Veterinary Clinic

Special Purpose for Sale
Sale Pending
Catylist Listing ID: 30663502
Status: Pending
Building Size (RSF): 6,271 SF
Gross Land Area: 1.48 Acres
Sale Price: $145,000
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed, Other
Cap Rate: Undisclosed
Last Updated: 11/17/2020

Overview / Comments

Located in the Certified Economic Opportunity Zone! Opportunity Zones were created under the 2017 Tax Cuts and Jobs Act to stimulate economic development and job creation, by incentivizing long-term investments. Under certain conditions this property may be eligible for capital gain tax incentives. This listing presents a NNN investment opportunity, or future owner/operator scenario. Current tenant is a small animal vet clinic that services the downtown and surrounding area of the market. Occupant is a national credit tenant on a two year term with renewal options. Site has excess land ready for development, or provides room for expansion to the existing clinic.

Vet office/clinic: 2,015sf
2nd floor office/apartment: 915sf
Heated and cooled warehouse/kennel: 1,037sf
Metal warehouse (not included in total SF): 2,304sf
Subject consists of 4 total lots

Attachments & Media

Additional Details

Nearest MSA: Tyler
County: Smith
Tax ID/APN: 150000036703015000
Year Built: 1950

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,131 56,140 97,960
Median Age: 29.58 32.23 33.71
Households: 4,464 19,429 37,629


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