Overview

Description

NNN Lease
.This investment offers a potential investor a mostly passive, long-term investment for both local and national investors

Scheduled Rental Increases
2% annual rental increases provides a future owner with a boost in cashflow and return on their investment, along with protection against inflation.

Recession-Resistant Property
Pet service facilities are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.

Tenant Investment in Location
Pet service facilities rarely relocate due to difficulty retaining the same patients in a new location, and high costs of moving

Excellent Highway Visibility
The facility is strategically located just off the intersection of the I-271, the I-480 and the US 422 with excellent visibility from the highway, near a newly developed Amazon and shopping center.

Caters to Nearby Affluent Population
The asset caters to over 173,000 residents within a 5-mile radius who boast an average household income of over $87,000.

Premier Pet Operator
Destination Pet is a leading operator of pet healthcare facilities in the U.S. with 41 veterinary hospitals and 150 pet services centers in 30 states

Private Equity Investment in Tenant
Private Equity investment in Destination Pets by L1, provides significant capital to expedite their expansion and acquisition of new practices across the country.

Robust Industry Growth
The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.

Documents

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