For Sale

Destination Pet | Simonton, TX

Asking Price: $1,810,000 | Cap Rate: 5.75%

  • Net Operating Income: $104,012
  • Weighted Avg. Lease Term (WALT): 17.8 Years
  • Lease Type: Absolute Net

Property Highlights

  • Leased to Destination Pet, an essential business, there are 17.5 years remaining on the initial 20-year term
  • Destination Pet has over 80 open and operating locations and targets 10 acquisitions/new locations per month
  • Site sits off the main east/west thoroughfare of Simonton, Farm to Market 1093 Road, which leads directly to downtown Houston
  • Property resides in the affluent city of Simonton (Houston MSA); average household income of $121,500 within 3-miles of the site