Alliance Animal Health
Portland, TX
Key Details
| Price: | $627,692 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $40,800 |
| Address: | 520 West Broadway Avenue, Portland, Texas 78374 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 12/20/2023 |
| Lease Expiration: | 12/20/2038 |
| Lease Term Remaining: | 14.3 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 0.20 Acres |
| Building Size: | 2,209 SF |
NNN Pro is pleased to present the exclusive listing for a Alliance Animal Health located at 520 West Broadway Avenue, Portland, Texas 78374. The site consists of roughly 2209 rentable square feet of building space on an estimated 0.2-acre parcel of land. This Alliance Animal Health is subject to a 15-year Double Net (NN) lease, which commenced 12/20/2023. The current annual rent is $40,800 and has scheduled increases of 2.00% Annually.
About the Investment
- Ideal Lease Structure | Long-Term, 15-Year NN Lease with the Greater of 2% Annual Rental Increases or Uncapped CPI-Based Increases
- Strong Guarantee
- Pet Care is a Recession Proof Industry | Consumers Have Spent More on Pets Year Over Year for Almost Three Decades
Key Details
| Price: | $627,692 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $40,800 |
| Address: | 520 West Broadway Avenue, Portland, Texas 78374 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Commencement: | 12/20/2023 |
| Lease Expiration: | 12/20/2038 |
| Lease Term Remaining: | 14.3 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 0.20 Acres |
| Building Size: | 2,209 SF |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Josh Kanter
jkanter@nnnpro.com
License: NY: 10401294056
Broker of Record
Brian Brockman
Bang Realty-Texas, Inc
License: 701472
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.