Destination Pet | Simonton, TX
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
