Destination Pet

Highlights:

• Destination Pet is doing business as Paws and Pals and is on a NNN lease with 14+ years remaining and 2.5% annual rent increases.
• Located in a high-income trade area with an average household income of $168,515 within a 1-mile radius and 5-mile population of 72,266.
• Strong Tenant: The tenant on the lease, Destination Pet, has an expansive network with 190+ locations across 35 states. Destination Pet is a reputable and established dog daycare operator with a proven track record of success.
• Paws and Pals is a full-service, all suites pet resort serving the south Twin Cities metro, offering services including dog daycare, dog boarding, grooming and training. Paws and Pals has hosted more than 5,000 dogs for various services.
• Strong Daytime Employment Area: Located near several industrial tenants including Meadow Green Landscape, Accelerated Automotive, Whitemore Fire Consultants, ACI Workplace Solutions, etc.
• This property is located in Prior Lake, MN, a suburb located approximately 25 miles southwest of Minneapolis.
• Prior Lake is home to Mystic Lake Casino & Hotel, Lakefront Park, and more. Mystic Lake Casino has 200,000+ SF of gaming space, 766 hotel rooms, and a concert venue that hosts live music and entertainment.

Description:

Destination Pet, doing business as Paws and Pals, is located in Prior Lake, MN, a vibrant city situated just southwest of the Twin Cities metropolitan area. Strong demographics with a 1-mile average household income of $168,515 and 5-mile population of 72,266. Located near several Industrial tenants with nearby tenants including Meadow Green Landscape, Accelerated Automotive, Alive & Kickin Pizza Crust, Versatile Vehicles, and more. Paws & Pals is also located near Cleary Lake Regional Park which includes a 28-acre off leash dog park.

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