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Property Details:

County or Parish
Denton
Lot Size
1 to < 3 Acres
Lot Size (Acres)
2.0000
Lot Size Area
2.0000
Lot Size (Square Feet)
87120.0000
Zoning Description
Northlake ETJ

Interior Information:

Ceiling Height
11 to 14 Feet
Heating
Central
Cooling
Central Air
Flooring
Other,Tile
Stories Total
1

Exterior Information:

Lot Features
Acreage,Level,Sprinkler System
Lot Size
1 to < 3 Acres
Acres
2.0000
Waterfront
No

Commercial Info:

Building Area Total
5242.00
Building Use
Medical

Map

Flood information: FEMA National Flood Hazard Layer (NFHL). Coverage varies; no shading does not mean no flood risk. This map is informational, not an official flood determination for insurance or lending. Verify current maps at the FEMA Map Service Center.

MLS 21402420

9849 Fm-156

Justin, Texas
$2,500,000
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Type: Commercial Sale
Year Built: 2022
Remarks: Executive Summary The property offered for sale consists of a modern, fully leased, single tenant building located on 2.0 acres of level and maintained land in the “golden triangle of growth” for north central Texas. The facility is currently utilized as a state-of-the-art veterinary clinic serving Denton County. It is situated on a direct access to highly trafficked Farm to Market Road 156 in Justin, Texas in Denton County. The 6,000 square foot (subject to verification) building was constructed in 2022 and includes concrete parking and highway (FM 156) ingress and egress. The construction is wood and masonry with asphalt shingle roofing. The property was constructed in accordance with applicable municipal codes and restrictions. The property is served by an on-site water well and filtration system and sewer waste water is served by on-site aerobic septic processing. The spray field for the aerobic septic is incorporated on the dedicated area of the land site in accordance with municipal guidelines. Taxation is controlled by Northwest Independent School District, Denton County, and the city of Justin, Texas. Lease Details The property is 100% leased to Western Veterinary Partners, LLC a Delaware Limited Liability Company (“WVP”). WVP is a controlling entity for ownership in multiple veterinary clinics throughout Texas and other states. The lease agreement is a triple net (NNN) lease. The primary lease term is ten (10) years with stated monthly rental rates for all ten (10) years. The lease agreement provides for annual increases in rent of three percent (3%) per year for each successive year after year one of the primary lease term and each year of the renewal term(s). The lease agreement contains two (2) five (5) year renewal terms at fixed monthly rental rates. A copy of the lease will be provided upon contract for sale for the due diligence process. Mineral Interests ALL OWNED MINERAL INTERESTS IN THE PROPERTY WILL BE RETAINED BY THE SELLER.
Active
Listed by: Kyle Bookout
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Tony C Hager

Tony C Hager

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