Lakefield Veterinary Group

6600 Prue Road, San Antonio, TX
Deal Type:
Sale Leaseback
Price:
$2,333,333
Cap Rate:
6.00%
Current Rent:
$140,000
Lease Type:
Triple Net
Lease Term:
10 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-year options
Building Sq. Ft.:
9,945 SF
Rent Increases:
2.0% Annual
Site Size:
1.25 Acres
  • Lakefield Veterinary Group Stream Capital Partners
  • Lakefield Veterinary Group Stream Capital Partners
  • Lakefield Veterinary Group Stream Capital Partners
  • Lakefield Veterinary Group Stream Capital Partners

Investment Highlights

  • Lakefield Veterinary Group is a family-owned veterinary hospital acquisition company with 70+ locations across the Western U.S.
  • Babcock Hills is a full-service animal hospital that provides exams/consultations, nutritional counseling, surgery, vaccinations, microchipping, preventative medicine, diagnostics, boarding/bathing, and offers a fully stocked pharmacy to fill pet’s prescription needs.
  • Absolute NNN sale leaseback with zero landlord responsibilities
  • Strong underlying real estate fundamentals
  • Robust trade area: San Antonio is the 2nd largest city in the Southern United States. The hospital is in NW San Antonio which has a 5-mile population of 324,384 and an average household income of $87,535.
  • Healthy corporate balance sheet/unit level coverage and below market rent PSF

Listing Agents

Jordan Williams

Senior Associate
205 209 5671
Jwilliams@stream-cp.com

Adam English

Managing Director
256 694 9803
Adam@stream-cp.com
Daniel Macks STREAM Capital Partners

Daniel Macks

Vice President
847 420 2116
Dmacks@stream-cp.com

In Association with Scott Reid & ParaSell, Inc. | A Licensed Texas Broker #9009637

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