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7501 N Capital of Texas HwyAustin, TX 78731
7501 Capital of Texas Highway N, Bldg A
Asset ClassSpecial Purpose, Healthcare Facility
Occupancy100%
# Tenants: 1Square Feet: 43,867Weighted Average Lease Term: 12 YearsAccess Data Room
100% NNN Leased Building With Over $30M In Tenant Investments
overview of deal

Overview

Cushman & Wakefield’s Central Texas Capital Markets team has been retained as the exclusive marketing advisors for the disposition of 7501 Capital of Texas Hwy N. a high quality Class A specialized Veterinary Hospital located in a key demographic of Austin Texas. The property is 100% leased to Gulf Coast Veterinary Surgery-Austin PLLC guaranteed by National Veterinary Associates, Inc. through June 30, 2038 with above market annual rent steps. The tenant and current owner have a very significant capital investment in the space that is difficult to replicate. The offering presents a compelling opportunity to acquire a newly redeveloped, Class A Specialty Veterinary Services Center in a highly desirable location with the attractive security of long-term, contractually increasing cash flows.

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Investment Highlights

  • 100% leased to Gulf Coast Veterinary Surgery-Austin PLLC, guaranteed by National Veterinary Associates, Inc. (B Credit Rating) through June 30, 2038
  • Above market 3% rent increase for the full term of the lease
  • The tenant has spent in excess of $680 psf on highly specialized medical finishes and imaging systems
  • Fully renovated with single tenant offers investors a low maintenance project with minimal capital or management requirements
  • Loop 360 corridor — Austin’s wealthiest pet-owning trade area. 42% household pet ownership in a 5-mile radius.

 

Property Description

Description
Address
7501 Capital of Texas Hwy N, Bldg A, Austin, TX 78731
Net Rentable Area
43,867 SF
Occupancy
100% NNN Single Tenant
Term
+/-12 Years
Year Built
1995/ Fully Renovated 2025
Floors
2
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7501 N Capital of Texas HwyAustin, TX 78731

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