490 Oakbend Dr Lewisville, TX 75067

This exceptional investment opportunity presents a 15,784 square foot PetSuites, a Class A, single-tenant, freestanding building constructed in 2021. Located in Lewisville, Texas, at 490 Oakbend Dr, 75067, this property boasts a prime location with excellent visibility from Interstate 35 (176,049 vehicles per day) and S Stemmons Freeway (41,466 vehicles per day). The property sits on a 1.98-acre lot and benefits from a 20-year absolute NNN lease with a corporate guarantee from National Veterinary Associates (NVA) Inc., a subsidiary of JAB Holdings. The lease commenced October 29, 2021, and has approximately 17 years remaining, with five, 5-year renewal options. Rent increases by 10% every five years, providing inflation protection. The strong demographics of the area, with nearly 250,000 residents within a 5-mile radius and an average household income exceeding $115,000 annually, further enhance the investment's appeal. The asking price is $7,393,773, representing a 4.60% cap rate and a price per square foot of $468.43. The current Net Operating Income (NOI) is $340,113. This is a truly exceptional, low-maintenance investment opportunity with significant long-term growth potential in a thriving Texas market. The property offers zero landlord responsibilities, as the tenant is responsible for all taxes, insurance, and maintenance, including the roof, structure, and parking lot. This built-to-suit facility is a turnkey investment, ideal for passive income seekers.