Animal Medical Center of Austin Strip

JLL is pleased to present the opportunity to acquire the Animal Medical Center located at 1536 E Anderson Ln in Austin, TX (the “Property” or “Asset”). The Property is a 5,760 SF building built in 1988 with an established veterinary practice and hair salon as tenants. Animal Medical Center operates under a NN lease with 12.1 years remaining and is guaranteed by Innovetive Hospitals, Inc., while JaeUndreas Natural Hair Care has 0.8 years remaining on their lease. The property benefits from consistent income growth with annual rent bumps - 1.5% for Animal Medical Center and 3.0% for JaeUndreas. Animal Medical Center also holds two 5-year renewal options, providing additional security for investors.

The property is strategically positioned in Northeast Austin, a thriving submarket that has transformed from an industrial hub to a dynamic mixed-use community. It offers excellent visibility and accessibility, situated adjacent to US-183 (90,000 VPD) and I-35 (200,000 VPD), two major transportation arteries. The asset benefits from Austin's explosive growth, with the MSA experiencing a 28% population increase from 2012 to 2022. Within a 5-mile radius, there are over 94,700 multifamily units with an additional 6,800 units under construction, indicating strong residential demand. The area boasts an average household income of $91,538 within the same radius and a population of 348,022.

Northeast Austin has become a magnet for leading technology companies, with major campuses for Dell Technologies, Samsung Austin Semiconductor, and General Motors. This corporate presence has created a dynamic ecosystem of businesses, startups, and innovation. Austin has been named the #1 Market for Global Real Estate investment by AFIRE (2022) and continues to attract significant corporate relocations and expansions. Notable among these are Tesla's Gigafactory, Samsung's $17 billion semiconductor facility, and expansions by Oracle and Apple, all contributing to job growth and economic development in the region.