Medical Office NNN Lease
For Sale
Contact for pricing
10861 183A Toll Rd, Leander, TX 78641
Single-tenant animal hospital property offered with a 20-year absolute NNN lease and 3% annual increases.
Property Size5,816 SF
Price / SF$761.69
Days on Market141
Property Features for 10861 183A Toll Rd
General Information
Standard status
Active
Size
5,816 SF
Property subtype
OFFICE
Listing Agency:
JLL | Miami
(312) 228-2062
Listed By:
Josh Katlin
Source:
Moodyscre
Added: Mar 12
Changed: Jul 26
Last Checked: Jul 29 at 3:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL | Miami
Investment Insights
Based on property information with market context.
This for-sale medical office property is occupied by Pointe 183 Animal Hospital. The listing highlights a long-term commitment supported by new construction investment and a 20-year lease commitment.
The property is located at 10861 183A Toll Rd in Leander, TX. Pointe 183 Animal Hospital will execute a 20-year absolute NNN lease at the close of escrow, with 3% annual increases.
The building includes 5,816 square feet of space and is presented as a single-tenant, NNN-structured investment.
The property is located at 10861 183A Toll Rd in Leander, TX. Pointe 183 Animal Hospital will execute a 20-year absolute NNN lease at the close of escrow, with 3% annual increases.
The building includes 5,816 square feet of space and is presented as a single-tenant, NNN-structured investment.
Key Highlights
- Single‑tenant animal hospital with a 20‑year absolute NNN lease
- Lease includes 3% annual increases
- Tenant commitment supported by new construction investment and a 20‑year lease dedication
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $244.3k | $42.00 |
| − Vacancy | −$59.4k | −$10.21 |
| EGI | $184.9k | $31.79 |
| − OpEx | −$46.2k | −$7.95 |
| NOI | $138.7k | $23.85 |
5,816 SF · lease $42.00/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,685 @ 7.0% cap · market cap 3.13%
Second Best
Healthcare Medical
$1.51M
$1.32M – $1.76M
NOI $105,526 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,186 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 78641, TX
83,426
Population
33,118
Households
2.5
Avg Household Size
36
Median Age
51%
College-Educated
95%
High-School Grad
124.4 sq mi
ZIP Area
671
Density / Sq Mi
$131,421
Median Household Income
$61,185
Median Earnings
$1,873
Median Rent
$453,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant animal hospital property offered with a 20-year absolute NNN lease and 3% annual increases.
Where is this nnn property located?
The property is located at 10861 183A Toll Rd Leander, TX.
What is the asking price?
The asking price for this property is $4,430,000.
What are key features of this property?
This property features: Single‑tenant animal hospital with a 20‑year absolute NNN lease; Lease includes 3% annual increases; Tenant commitment supported by new construction investment and a 20‑year lease dedication
