Single-Tenant Office Medical
Heartland Veterinary Clinic
2118 Coteau Rd, Houma, LA 70364
Listing Price: $440,470
Cap Rate
8.50%
Tenant Name
Heartland Veterinary Partners
Years Remaining On Lease
3.4
Gross SF
4,080
Guarantor
Corporate Guarantee
Rentable SF
4,080
Price/Gross SF
$107.96
Lease Type
Gross Lease
Rent Per Square Feet
$9.18
Investment Overview
See Highlights
Heartland Veterinary Clinic
Investment Highlights
- Best In Class Tenant - Corporate guarantee by Heartland Veterinary Partners. The company operates over 300 partner practices in more than 30 states across the U.S.
- Recently Renovated - The tenant recently completed roof renovations and interior repairs in 2021
- Strong Population - Located just outside the New Orleans MSA. The MSA has a population of over 972,000 while Houma-Bayou Cane- Thibodaux population exceeds 198,000.
- High-Income Area - The 1-mile average household income is ±$71,000. The 3 & 5-mile average household income both exceed $75,000.
- Veterinary Growth Market - The U.S veterinary services market was estimated at $36.5 billion in 2024, and is projected to grow to around $68 billion by 2033 (Grand View Research).
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $440,470
Cap Rate
8.50%
Tenant Name
Heartland Veterinary Partners
Years Remaining On Lease
3.4
Gross SF
4,080
Guarantor
Corporate Guarantee
Rentable SF
4,080
Price/Gross SF
$107.96
Lease Type
Gross Lease
Rent Per Square Feet
$9.18
Investment Highlights
- Best In Class Tenant - Corporate guarantee by Heartland Veterinary Partners. The company operates over 300 partner practices in more than 30 states across the U.S.
- Recently Renovated - The tenant recently completed roof renovations and interior repairs in 2021
- Strong Population - Located just outside the New Orleans MSA. The MSA has a population of over 972,000 while Houma-Bayou Cane- Thibodaux population exceeds 198,000.
- High-Income Area - The 1-mile average household income is ±$71,000. The 3 & 5-mile average household income both exceed $75,000.
- Veterinary Growth Market - The U.S veterinary services market was estimated at $36.5 billion in 2024, and is projected to grow to around $68 billion by 2033 (Grand View Research).
Investment Overview
See Highlights
Exclusively Listed By
Broker of Record
Financing By
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