Double Oak Veterinary Medical Center 8351 Justin Rd 6,644 SF Retail Building Double Oak, TX 75077 $2,837,836 CAD ($427.13 CAD/SF) 6% Cap Rate

Located in the affluent North Dallas suburb of Double Oak, this purpose-built veterinary hospital presents a rare opportunity to acquire a fully stabilized, NNN-leased investment with over 10 years of remaining term. Mission Pet Health, the tenant, is a national veterinary platform formed from the 2025 merger of Southern Veterinary Partners and Mission Veterinary Partners, now operating over 840 locations across 41 states. The lease is backed by a corporate guaranty and supported by $4 billion in new equity capital from Shore Capital Partners and Silver Lake Management.

The ±6,644 SF facility was custom-designed by BDA Architecture, a global leader in veterinary hospital design, and underwent significant capital improvements including a new roof (2020), full interior remodel (2021), and HVAC upgrade (2023)—all funded by the tenant. The hospital holds AAHA accreditation, a distinction earned by only 15% of U.S. veterinary practices, underscoring its commitment to excellence in care and operations.
Strategically positioned along FM 407 (Justin Rd), the property benefits from high visibility and proximity to high-income communities such as Flower Mound, Bartonville, and Highland Village. It sits directly across from The Shops at Highland Village, a premier retail center featuring Whole Foods, Lululemon, and Cheesecake Factory, driving consistent consumer traffic and brand exposure.
With a low rental rate of $18.81/SF, annual CPI or 2% increases, and a potential 20% rent bump tied to revenue performance, this asset offers inflation-protected income and long-term stability. The Dallas-Fort Worth MSA’s robust growth, affluent demographics, and strong pet ownership trends further enhance the investment appeal.