PetSuites - Availability Details
13460 Midway Road , Farmers Branch, TX 75244
- For Sale $7,136,434.78
- Property Type Retail - Freestanding
- Property Size 15,633 SF
- Lot Size 1.05 Acre
- Property Tenancy Single Tenant
- Year Built 1974
- Year Renovated 2022
- Date Updated Nov 24, 2022
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- Walk Score ® Somewhat Walkable (51)
- Transit Score ® Some Transit (27)
- Bike Score ® Somewhat Bikeable (48)
- City Farmers Branch, TX
- Neighborhood Farmers Branch
- Zip Code 75244
- Market Dallas Fort Worth
Points of Interest
Cole & West Village
Dallas Makerspace - Tesla Destination
Walnut Glen Parking Garage
Public parking for Richardson PD
Chase Bank parking
Staff Garage 11
Staff Garage 2
DTS Commuter Lot
Make Your Life Sweeter
DeRice Thai Cuisine
Angelo & Vito's
Joe's Crab Shack
Whole Foods Market
Harry Hines Baazar
Prime Net Lease
- Long Term Lease - The subject property has 20 years remaining on the initial term of an Absolute NNN Lease.
- Rental Increases - 10% Rental increases every 5 years throughout the base term and option periods give the investor the ability to hedge against inflation.
- Excellent Demographics - There are over 141,000 residents within a 5-mile radius of the property, with an average household income upwards of $123,000 annually.
- Strong Corporate Guarantor - The lease is corporately guaranteed by National Veterinary Associates (NVA) Inc. (1,100 veterinary clinic operator), which is owned by JAB Holdings, CO, a billion dollar company owned by the Reimann family. (One of the wealthiest families in the world.)
- Zero Landlord Responsibilities - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands o?" investment. Tenant responsible for all taxes, insurance, and maintenance including roof, structure, and parking lot
Frequently Asked Questions
What year was PetSuites built and finished?
PetSuites was completed in 1974.
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Prime Net Lease