Current Use by Public Records
- Williams Amanda DVM / Veterinary Clinic
- Key City Veterinary Clinic / Veterinary Clinic
- Lewis Kimberly DVM / Veterinary Clinic
Property Details for 318 South 11Th St
- Year built
- 1984
- Lot size
- 2.77 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a fee-simple, Class A, 2,831 square foot medical office building in Abilene, Texas. Currently 100% occupied by Mission Veterinary Partners, a large, reputable, and financially stable operator with 330+ locations nationwide, the property boasts a strong, modified net lease with 7.6 years remaining. The lease features a desirable 2% annual rent increase, providing inflation protection. The building, constructed in 1984 and situated on a 2.77-acre lot, offers a single-tenant occupancy and a substantial net operating income (NOI) of $71,362, resulting in an attractive 8.50% cap rate. The asking price is $836,822, translating to $295.59 per square foot. This strategically located property benefits from high daily traffic counts on I-20 and proximity to major retailers like Walgreens, Aldi, CVS, and Walmart, ensuring strong visibility and accessibility. The lease includes one 5-year renewal option. The property's location in Abilene, a city with a population of approximately 111,531, and its position within a robust and growing veterinary services market, makes this a compelling investment opportunity with significant long-term potential. The property is located at 318 E South 11th St, Abilene, TX 79602.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Abilene
- County
- Taylor
- State
- Texas
- Longitude
- -99.7207
- Latitude
- 32.4369
