NNN Veterinary
New
For Sale
$1,241,929
59 E Ave L, San Angelo, TX 76903
An operating veterinary practice occupies the site under an NNN lease with annual CPI increases.
Property Size5,800 SF
Lot Size0.64 Acres
Price / SF$214.13
Days on Market2
Property Features for 59 E Ave L
General Information
Standard status
Active
Size
5,800 SF
Lot size
0.64 Acres
Property subtype
Single-Tenant Office Medical
Lease Type
NNN
Financials
Asking Price
$1,241,929
Cap Rate
7.53%
Additional Details
Road Access
Yes
Amenities
NVA-Operated Practice: National Veterinary Associates (NVA) is One of the Largest Veterinary Operators in the World with Over 1,500 Locations and $4 Billion Revenue
Recent Lease Extension with 30+ Year Operating History: NVA Extended Through 2031 in 2025, with Three 5-Year Renewal Options Remaining and Annual CPI Increases Throughout
Located 2.3 Miles from Goodfellow Air Force Base, a $3.1 Billion Economic Driver Supporting Nearly 14,000 Jobs. Signalized Corner with About 20,000 VPD
Building Details
Building Size
5,800 SF
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Cory Gross · License #License(s): CO: FA100038277
(303) 328-2019
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 2:16PM
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 Marcus & Millichap - Denver
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Investment Insights
Based on property information with market context.
Southside Animal Hospital is a 5,800-square-foot veterinary facility on 0.64 acres in San Angelo. The property is leased to an operating affiliate of National Veterinary Associates (NVA), and the practice has served the community for more than 30 years. The NNN lease runs through June 2031 and includes three additional five-year renewal options, with annual CPI increases. The tenant is responsible for taxes, insurance, HVAC, utilities and routine maintenance; landlord responsibilities include the roof, structure and capital replacements.
The property is located at the signalized intersection of E. Avenue L and S. Oakes Street, where traffic is approximately 20,000 vehicles per day. Goodfellow Air Force Base is just over two miles away.
The property is located at the signalized intersection of E. Avenue L and S. Oakes Street, where traffic is approximately 20,000 vehicles per day. Goodfellow Air Force Base is just over two miles away.
Key Highlights
- 5,800‑square‑foot veterinary hospital on 0.64 acres
- NNN lease extended through June 2031, with three five‑year renewal options
- Annual CPI increases under the lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,275
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,500
$1.3M
Cap Rate 7%
$961,071
$961.1K
Cap Rate 9%
$747,500
$747.5K
Market Conditions
NOI Build-Up for 5,800 SF
Gross rent
$125.3K $21.60/SF
− Vacancy
−$13.2K −$2.27/SF
EGI
$112.1K $19.33/SF
− OpEx
−$44.9K −$7.73/SF
NOI
$67.3K $11.60/SF
Area
Tom Green County, TX
Vacancy
10.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,500
Cap Rate 7%
$961,071
Cap Rate 9%
$747,500
Alternative Uses
Best Use
Healthcare Medical
$961.1K
$840.9K – $1.12M
NOI $67,275 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.44M
$3.88M – $5.18M
NOI $310,795 @ 7.0% cap · market cap 25.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 76903, TX
32,215
Population
14,169
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
78%
High-School Grad
25.0 sq mi
ZIP Area
1,289
Density / Sq Mi
$49,045
Median Household Income
$33,077
Median Earnings
$1,051
Median Rent
$115,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
NNN property - An operating veterinary practice occupies the site under an NNN lease with annual CPI increases.
Where is this nnn property located?
The property is located at 59 E Ave L San Angelo, TX.
What is the asking price?
The asking price for this property is $1,241,929.
What are key features of this property?
This property features: 5,800‑square‑foot veterinary hospital on 0.64 acres; NNN lease extended through June 2031, with three five‑year renewal options; Annual CPI increases under the lease
