Lewisville PetSuites Investment
490 Oakbend Dr Lewisville, TX
490 Oakbend Dr, Lewisville, TX, 00000
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For Sale
Contact for pricing
2021 built PetSuites in Lewisville, TX with long-term lease.
Property Size15,784 SF
Lot Size2.05 Acres
Price / SF$468.43
Days on Market239
Property Features for 490 Oakbend Dr
General Information
- Standard status
- Active
- Size
- 15,784 SF
- Lot size
- 2.05 Acres
- Property subtype
- RETAIL
Listing agency
Prime Net Lease
(714) 875-2400
Listed by
Paul Matusik · License #01351021
(714) 875-2400
Source
Moodyscre
Added: Nov 24, 2025 Updated: Jul 6 at 10:30AM Checked: Jul 21 at 5:13AM
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 Prime Net Lease
Investment Insights
Based on property information with market context.
This 15,784 square foot PetSuites facility, constructed in 2021, is located in Lewisville, Texas. The property opened in October 2021 and is operating under a twenty-year absolute NNN lease, which assigns zero landlord responsibilities. The corporately guaranteed lease has approximately 18 years remaining on its initial term. The absolute NNN lease includes 10% rental increases every five years during the base term and provides the tenant with five successive five-year options to extend the lease. The lease is corporately guaranteed by National Veterinary Associates, which has over 1,000 units. The PetSuites benefits from high visibility due to its strategic location next to the I-35 exit, which sees 176,049 vehicles per day, and S Stemmons Fwy, which sees 41,466 vehicles per day. The site is in proximity to residential homes and is located within Vista Ridge Village, which houses major retailers and restaurants. The surrounding area has a five-mile population of 240,163 and a three-mile average household income of $105,208 per year. The area is experiencing growth, with a projected three-mile population growth rate of 2.0% over the next five years. Total consumer spending within a five-mile radius is estimated at $3.2 billion. The property is located within the Dallas–Fort Worth–Arlington metroplex, encompassing 11 counties and serving as the economic and cultural hub of North Texas.
Key Highlights
- 20‑Year Absolute NNN Lease with approximately 18 years remaining, providing zero landlord responsibilities.
- Corporate guarantee by National Veterinary Associates (1000+ Units).
- Located in a high‑traffic area next to the I‑35 exit and S Stemmons Fwy.
Local Financial Insights For Retail
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 | $380.7k | $24.12 |
| − Vacancy | −$18.3k | −$1.16 |
| EGI | $362.4k | $22.96 |
| − OpEx | −$108.7k | −$6.89 |
| NOI | $253.7k | $16.07 |
15,784 SF · lease $24.12/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.62M
$3.17M – $4.23M
NOI $253,705 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.26M
$4.60M – $6.14M
NOI $368,361 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
PetSuites Lewisville
Kennel & Boarding Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 2021 built PetSuites in Lewisville, TX with long-term lease.
Where is this retail space located?
The property is located at 490 Oakbend Dr Lewisville, TX.
What is the asking price?
The asking price for this property is $7,393,773.
What are key features of this property?
This property features: 20‑Year Absolute NNN Lease with approximately 18 years remaining, providing zero landlord responsibilities.; Corporate guarantee by National Veterinary Associates (1000+ Units).; Located in a high‑traffic area next to the I‑35 exit and S Stemmons Fwy.
