Muleshoe Animal Clinic & Vet Supply in Muleshoe, TX_Property for Sale
Muleshoe Animal Clinic & Vet Supply in Muleshoe, TX_Property for Sale

Muleshoe Animal Clinic & Vet Supply in Muleshoe, TX

1430 U.S. 84, Muleshoe, TX, 79347, US

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire fee-simple interest in the freestanding single-tenant Muleshoe Animal Clinic located at 1430 U.S. Hwy 84 in Muleshoe, TX (“Property” or “Asset”) with 9.3 years of term remaining on a NN structure, 10.0% rental increases in the option periods, and unlimited, 5-year option periods.


The Property is 100% leased to NVS Vet Partners, LLC, a subsidiary of Heritage Vet Partners (“Tenant”), a national operator with over 20 veterinary locations across the United States. Heritage Vet Partners acquired the Muleshoe Animal Clinic to strengthen its strategic presence in the region, reflecting the Tenant’s commitment to the site through a recent 10-year lease extension. Heritage Vet Partners is a veterinarian-led organization focused on fostering community-based rural practices, leveraging its network to enhance operational efficiency and client care.


The Property is strategically positioned along U.S. Hwy 84, a key thoroughfare in Muleshoe, TX, the agricultural center of the county, with farm supply manufacturing and feed processing plants playing major roles in the local economy. The Muleshoe Animal Clinic supplies most of the livestock and dairy product supporting these proximate businesses.

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Attributes

Asking price
$4,320,000
Cap rate
7.5%
NOI
$324,000
WAULT
9.3 years
Building area net
32,695 sf
Land area gross
4.79 acres

Media

Investment highlights

  1. Strong location in agriculture-driven community with access to growing Lubbock MSA
  2. Essential veterinary service for the local economy with virtually no competition
  3. National operator with rural veterinary health specialty. Heritage Vet Partners is recognized as the preeminent, best-in-class operator for rural vet practices nationwide
  4. Long-term commitment from Tenant who recently signed a 10-year lease extension


Muleshoe Animal Clinic & Vet Supply in Muleshoe, TX 4_Property for Sale
Muleshoe Animal Clinic & Vet Supply in Muleshoe, TX 4_Property for Sale

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Muleshoe Animal Clinic & Vet Supply in Muleshoe, TX (0 Properties)

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Last updated
Jun 1, 2025