Curo Pet Care

Highlights:

• Long-Term Lease: 15-year absolute net lease featuring 3% annual rental increases
• Corporate Guaranty: Lease guaranteed by Curo Pet Management Corp., the primary management entity overseeing Curo’s 75+ location veterinary platform (see below)
• Mission Critical Facility: Purpose-built veterinary hospital featuring significant tenant investment in specialized medical, surgical, imaging, laboratory and treatment infrastructure, creating substantial barriers to relocation and demonstrating Curo’s long-term commitment to the site
• Ideal Positioning: Strategically located along Los Gatos Boulevard, one of the community’s primary retail/commercial thoroughfares, providing excellent visibility and convenient access within the affluent Los Gatos trade area
• Substantial Sales Growth: Curo’s FY 2024 revenues total $123+ million, a 21% increase over the previous year
• Robust Unit-Level Performance: ~$20.5M 4-wall EBITDA in FY 2024

Description:

Rare opportunity to acquire a mission-critical veterinary facility in one of the most affluent communities in the country – $375K average household incomes within a 1-mile radius of the subject property.
This is a brand-new 15-year absolute net lease featuring 3% annual rental increases throughout the base term and options and a corporate guaranty from Curo Pet Management Corp. – the primary management entity overseeing Curo’s 75+ location portfolio that generates over $123M in annual revenue.

The subject property is ideally positioned along Los Gatos Boulevard, one of the community’s primary retail/commercial thoroughfares, providing excellent visibility and convenient access within the affluent Los Gatos trade area.

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