PetSuites

Highlights:

• LONG TERM LEASE - The subject property has close to 18 years remaining on the initial term of an Absolute NNN Lease.
• ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands off" investment. Tenant responsible for all taxes, insurance, and maintenance including roof, structure, and parking lot.
• RENTAL INCREASES - 10% Rental increases every 5 years throughout the base term and option periods give the investor the ability to hedge against inflation.
• EXCELLENT VISIBILITY/TRAFFIC COUNTS - Site is visible from Interstate 35 with 176,049 Vehicles Per Day and 41,466 Vehicles Per Day on S Stemmons Fwy.
• OUTSTANDING DEMOGRAPHICS - There are nearly 250,000 residents within a 5-mile radius of the property, with an average household income upwards of $115,000 annually.
• BRAND NEW CONSTRUCTION - The building's built-to-suit construction was completed in October 2021.
• STRONG CORPORATE GUARANTOR - The lease is corporately guaranteed by National Veterinary Associates (NVA) Inc. (1,100 veterinary clinic operator), which is owned by JAB Holdings, CO, a billion dollar company owned by the Reimann family. (One of the wealthiest families in the world.)

Description:

Prime Net Lease is pleased to present this 2021 built, 15,784 SF PetSuites located in Lewisville, Texas. This pet boarding facility completed construction and opened in October of 2021. The property is secured with a twenty (20) Year Absolute NNN Lease, leaving zero landlord responsibilities.

The original corporately guaranteed lease has close to 18 years currently remaining on its initial term. This absolute NNN lease features 10% rental increases every 5 years during the base term and grants the Tenant five successive 5-year options to extend the lease.
The lease also has a corporate guarantee by the parent company National Veterinary Associates (1000+ Units).

This PetSuites is highly visible as it is strategically located next to the I-35 exit (seeing 176,049 vehicles per day) and S Stemmons Fwy (seeing 41,466 vehicles per day). The site is surrounded by residential homes and is located within Vista Ridge Village which houses many major retailers and restaurants. The five-mile population from the site is 240,163 and the three-mile average household income is $105,208 per year. This area is experiencing great growth with a three-mile population growth rate of 2.0% over the next five years. Total consumer spending within a 5-mile radius is estimated at $3.2 Billion.

The Dallas–Fort Worth–Arlington metroplex, is a metropolitan statistical area in the U.S. state of Texas encompassing 11 counties. Its core cities are Dallas and Fort Worth. It is the economic and cultural hub of North Texas. The Dallas–Fort Worth–Arlington metropolitan statistical area's population was 7,637,387 according to the U.S. Census Bureau's 2020 census, making it the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S., and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex had the highest annual population growth in the United States.

When the stress of big city life becomes overwhelming, residents of the Dallas-Fort Worth area know there is a relaxing place just up the road where they can get away and play. Conveniently located ten minutes north of DFW Airport along Interstate 35, Lewisville offers family-friendly attractions, inviting hotels, fun-filled outdoor areas, and the historic charm of Old Town Lewisville. Browse the specialty shops, grab a bite to eat at one of several themed restaurants, commune with nature in Wayne Ferguson Plaza, sample wine and spirits at the winery and distillery, and catch a performance at a local theater. In fact, the Greater Lewisville Community Theatre operates out of the oldest building in Lewisville, built in 1885.

When it comes to having fun in town, Lewisville Lake is at the top of the list. With 233 miles of shoreline, you will find the right spot to launch your ideal outdoor adventure. From fi shing for bass at the Lewisville Fishing Barge and exploring the urban wilderness at LLELA, to having a picnic at Lewisville Lake Park and swimming at Sneaky Pete’s, this area offers something for everybody.

Dallas, a modern metropolis in north Texas, is a commercial and cultural hub of the region. The Dallas-Forth Worth MSA has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. Dallas will remain a
top destination for corporate relocations due to its business-friendly environment. Twenty-two Fortune 500 companies are headquartered in the metro, making it the third largest concentration in the nation. Outdoor activities abound in Dallas as a result
of the city’s favorable location and climate. With seven major league sport teams, rodeo, NASCAR and marathons, the adrenaline is year-round. Dallas has been named one of the top 3 Sports Town in the nation by Sports Illustrated. In addition to its large
number of sport related activities, Dallas has more shopping centers per capita than any other city in the United States. Dallas is the third most popular destination for business travel in the United States, and the Kay Bailey Hutchison Convention Center is
one of the largest and busiest convention centers in the country, at over 1,000,000 square feet and the world's single-largest column-free exhibit hall.

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