Animal Emergency Center

AVG - Academy Animal Hospital
Laurinburg, NC

AVG - Academy Animal Hospital

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Description

The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an NNN leased, freestanding, AVG Academy Animal Hospital investment property located in Laurinburg, North Carolina. The Tenant, AVG Intermediate Holdings, LLC, has more than 12.5 years remaining in their initial term with 4 (5-Year) options to extend. The lease features annual rental increases of 2%. The lease is an absolute triple net with zero landlord responsibilities, making this a great no-management investment opportunity for a passive investor. Founded in 2015, American Veterinary Group (AVG) owns and operates a network of 50+ veterinary hospitals that treat and protect over 500,000 pets annually.

Location

AVG Academy Animal Hospital is strategically located off of State Highway 74, which averages 43,400 vehicles passing by daily. The site benefits from superior store visibility via significant a large pylon sign positioned along West Highway 74. In addition, the location is in close proximity to Downtown Laurinburg, which has a Comfort Inn, Hampton Inn, Chick-fil-A, Dunkin’, Arbys, and Scotland’s Memorial Hospital. The 5-mile trade area is supported by a population of over 19,500 and 10,600 daytime employees with an average household income of $52,081.

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    Caroline Veterinary Clinic

    Heart and Paw - Caroline Veterinary Clinic
    Ridgely, MD

    Heart and Paw - Caroline Veterinary Clinic

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    Description

    The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NN leased, freestanding, Caroline Veterinary Clinic investment property located in Ridgely, Maryland. The Tenant, Heart + Paw, has over 5 years remaining in their initial term with 3 (5-Year) options to extend. The lease features annual rental increases of 2%. The lease is a double net with limited landlord responsibilities of HVAC, roof, foundation, and parking lot, making it an ideal, low-management investment opportunity for a passive investor. Heart + Paw is a growing and already popular pet lifestyle brand that offers a wide range of services from veterinary care to boarding, grooming, daycare, and retail.

    Location

    Caroline Veterinary Clinic is strategically located on 9 N Central Avenue, which provides direct access to downtown Ridgely. The site benefits from excellent visibility via significant street frontage and a monument sign. The hospital has no competition in the surrounding 3-mile trade area, which provides it with a consistent consumer base. Caroline Veterinary Clinic is also within close proximity to Martin Sutton Memorial Park, a popular community park with a large lawn for pet owners to walk their dogs. The 5-mile trade area is supported by a population of 9,700 residents and 2,000 daytime employees with affluent 1-mile trade area average household income of $101,508.

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      Harbor Animal Hospital

      Heart and Paw - Harbor Animal Hospital
      Warren, RI

      VCA - Carriage Hills Animal Hospital

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      Description

      The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, Harbor Animal Hospital investment property located in Warren, Rhode Island. The tenant, Heart + Paw Acquisition Co., LLC., has approximately 9 years remaining on their current lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease is NN with landlord responsibilities limited to maintaining HVAC systems, roof, foundation, exterior walls, parking lot, and exterior grounds making it an ideal, low-management investment opportunity for a passive investor. 

      Location

      The subject property is ideally situated near the signalized, hard-corner intersection of Market Street and Kickemuit Road, averaging a combined 51,078 vehicles passing by daily. The 5-mile trade area is supported by 78,344 residents and 31,801 employees, providing a direct residential consumer base from which to draw. Residents within 3 miles of the subject property boast an affluent average household income of $141,653

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        Barnstable Animal Hospital

        VetCore - Barnstable Animal Hospital
        Hyannis, MA

        VetCor - Barnstable Animal Hospital

        157 Airport Road, Hyannis, MA

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        Description

        The Wine Group  is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, (VetCor) Barnstable Animal Hospital investment property located in Hyannis, Massachusetts. The tenant, VetCor Of Hyannis LLC, has over 3 years remaining in their initial term with 1 (5-year) option to extend. The lease features 3% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to roof, structure, parking area, and HVAC replacement, making it an ideal, low-management investment opportunity for a passive investor. Since 1997, VetCor has built a helpful, enjoyable, community-oriented veterinary care network of 442 exceptional practices across 34 states. 

        Location

        The subject property is located along Iyannough Road, a major retail and commuter thoroughfare averaging 28,500 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large pylon sign. The asset is ideally situated within close proximity to Cape Cod Mall, a 723,605 square foot shopping mall. U.S. Highway 28 is the primary retail corridor traveling through Barnstable, featuring a variety of national/credit tenants including Target, Best Buy, Home Depot, Kohl’s, Dollar Tree, Planet Fitness and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. The 5-mile trade area is supported by more than 51,000 residents and 32,000 daytime employees. Residents within 3 miles of the subject property feature a healthy average household income of $88,202.

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          Hickory Small Animal Hospital

          Thrive - Hickory Small Animal Hospital
          Independence, LA

          Thrive - Hickory Small Animal Hospital

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          Description

          The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an NN leased, freestanding, Hickory Small Animal Hospital investment property located in Independence, Louisiana. The Tenant, Thrive, has over 4 years remaining in their initial term with 4 (5-Year) options to extend. The lease features annual rental increases based on the total percentage increase in the CPI throughout the initial term and option periods, steadily growing NOI, and hedging against inflation. The lease is a double net with limited landlord responsibilities of repair and maintenance of foundation, exterior walls, roof, and other structural & wood-destroying insect treatment and repairs, making it an ideal, low-management investment opportunity for a passive investor. Thrive is aiming to revolutionize veterinary care for pets and the people who love them through the world’s most trusted, innovative, and connected pet healthcare network.

          Location

          Hickory Small Animal Hospital is strategically located off of West Railroad Avenue, which averages over 5,700 vehicles passing by daily. The site benefits from superior visibility via significant street frontage and a wall sign facing the street. The location is in the heart of Independence and 11 miles away from Hammond, which is the largest city in Tangipahoa Parish, Louisiana. Its population was 21,359 at the 2020 population estimates program and is home to Southeastern Louisiana University. The 5-mile trade area is supported by a population of 11,372 and 1,604 daytime employees with an average household income of $53,748.

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            Small Animal Hospital

            Thrive - Small Animal Hospital
            Ponchatoula, LA

            Thrive - Small Animal Hospital

            40008 Hickory Lane, Ponchatoula, LA

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            Description

            The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an NN leased, freestanding, Hickory Small Animal Hospital investment property located in Ponchatoula, Louisiana. The Tenant, Thrive, has over 4 years remaining in their initial term with 4 (5-Year) options to extend. The lease features annual rental increases based on the total percentage increase in the CPI throughout the initial term and option periods, steadily growing NOI, and hedging against inflation. The lease is a double net with limited landlord responsibilities of repair and maintenance of foundation, exterior walls, roof, and other structural & wood-destroying insect treatment and repairs, making it an ideal, low-management investment opportunity for a passive investor. Thrive is aiming to revolutionize veterinary care for pets and the people who love them through the world’s most trusted, innovative, and connected pet healthcare network.

            Location

            Hickory Small Animal Hospital is strategically located off of Louisiana Highway 22, which averages over 16,800 vehicles passing by daily. The site benefits from superior visibility via significant street frontage and a large pylon sign facing the highway. The location is about 2 miles from Downtown Ponchatoula and under 3 miles from Springfield. It is also less than 5 miles from Interstate 51, which averages over 40,000 daily vehicles North and Southbound. The 5-mile trade area is strongly supported by a population of 43,711 and 21,111 daytime employees with an average household income of $71,164.

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              Animal Hospital in Fairfield

              Animal Hospital in Fairfield
              Fairfield, CA

              Animal Hospital in Fairfield

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              Description

              The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a corporate signed NN leased, United Veterinary Care investment property located in Fairfield, California (Vallejo MSA). The tenants, United Veterianry Care CA Inc., has 9 years remaining on their initial term, with 2 (5-year) options to extend. The lease features 3% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to roof, structure, & HVAC replacement, making it an ideal, low-management investment opportunity for a passive investor. 

              Location

              The subject property is located near the signalized, hard corner intersection of Airbase Pkwy and N. Texas St., totaling a combined 68,600 vehichles passing by daily. The site benefits from nearby direct on/off ramp access to Interstate 80 (212,000 VPD), the primary east/west commuter freeway traveling throughout Fairfield. Additionally, the asset is located nearby Solano Town Center, a newly renovated 1,040,000 square foot neighborhood center featuring more than 20 stores including Macy’s, Dick’s Sporting Goods, Best Buy, Dave and Buster’s, and more, increasing consumer draw to the immediate trade area. Moreover, the veterinary clinic is strategically positioned across the street from a Walmart Supercenter and Fairfield High School, greatly helping with store exposure and crossover traffic. The 5-mile trade area is supported by more than 133,800 residents and 43,500 daytime employees and features an affluent average household income of $102,909.

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                Animal Medical Center of Franklin

                Animal Medical Center of Franklin
                Franklin, LA

                Animal Medical Center of Franklin

                605 King Street, Franklin, Louisiana 70538

                Investment Highlights

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                Description

                The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, corporate guaranteed, freestanding, Animal Medical Center of Franklin investment property located in Franklin, Louisiana. The tenant, CareVet LLC, recently signed a brand new 9.5-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features an annual 2% rental increase during the initial term and each option period, generating additional NOI and hedging against inflation. Landlord responsibilities are limited to maintaining roof, structure, and paved areas making this an ideal low-management investment opportunity for a passive investor. CareVet includes over 80 practices across 27 U.S. States. 

                Location

                Animal Medical Center of Franklin is located off of Main Street, which features 6,300 vehicles passing by daily. Main Street is a major retail thoroughfare for the area and is home to numerous national/credit tenants including Walmart, Walgreens, McDonalds, O’Reilly Auto Parts, and more. Strong surrounding tenant synergy increases consumer draw to the overall trade area and promotes crossover exposure to the site. Animal Medical Center of Franklin is located within close proximity to direct on/off ramp access to State Highway 90 (17,400 VPD), which connects Franklin, LA to the surrounding populous centers. More than 12,500 residents and 4,600 employees support the immediate trade area and features an average household income of $54,871. Approximately 11.38 million U.S. households have gotten a new pet during the COVID-19 pandemic increasing the consumer base for Veterinary Practices. Veterinary Hospitals are highly desirable investments because of economic downturn resistance and continuous demand for animal care. 

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                  Amity Woods Animal Hospital & Lodge

                  Amity Woods Animal Hospital & Lodge
                  Kansas City, MO

                  Amity Woods Animal Hospital & Lodge

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                  Description

                  The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in two animal hospitals and one parcel of land located in Kansas City, Missouri. The tenants, Amity Woods Animal Hospital & Shoal Creek Animal Hospital have recently executed a brand new 7-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. Each lease featured a 10% rental increase in October 2023 and beginning of each option to extend, boosting NOI and against inflation. Both leases are NN with landlord responsibilities limited to exterior walls, foundation roof, structure, parking lot, sidewalks, utility systems, and HVAC (non-routine maintenance). The Shoal Creek offering includes the adjacent parcel of land ($522,720), providing incentive for future development.

                  Approximately 11.38 million U.S. households have gotten a new pet during the COVID-19 pandemic. Veterinary Hospitals are highly desirable investments because of economic  downturn resistance and continuous demand for animal care. 

                  Location

                  Amity Woods is positioned odd Missouri Route 152 and Interstate 29, both heavily traveled highways serving the Kansas City trade area. Interstate 29 averages more than 84,000 vehicles passing by daily. More than 30,000 households support the surrounding area, providing a direct residential consumer base from which to pull from. The asset is positioned at the hard corner intersection of N. Amity Avenue and NW 87th Terrace, providing excellent visibility and ease of access. 

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                    Columbus Veterinary Medical Center

                    Columbus Veterinary Medical Center
                    Columbus, GA

                    Columbus Veterinary Medical Center

                    Investment Highlights

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                    Description

                    The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, freestanding Columbus Veterinary Medical Center investment property located in Columbus, Georgia. The tenant, Southern Veterinary Partners, LLC, has approximately 14 years remaining on their current lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rent increases, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Headquartered in Birmingham, AL, Southern Veterinary Partners operates 89 animal hospitals in 12 southern states with over 2,000 employees. Since August 2018, the company has been named one of the fastest-growing companies in America, earning the rank 286 on the Inc. 5000, which evaluates growth over a 3-year span.

                    Location

                    The subject property is strategically located near the signalized, hard-corner intersection of Schomburg Rd. and Warm Springs Rd., averaging 27,300 vehicles passing by daily. In addition, the site is located in close proximity to State Highway 85, a major retail and commuter thoroughfare averaging 45,400 vehicles per day, and benefits from direct on/off ramp access to Interstate 185 (74,100 VPD) and U.S. Highway 80 (57,900 VPD). The site benefits from excellent visibility via a large monument sign along Schomburg Rd. (11,000 VPD). Moreover, the property is ideally situated between several major shopping centers including Columbus Park Crossing (1,246,563 SF), Billings Crossing Plaza (189,148 SF), and Britt David Shopping Center (85,752 SF). Nearby national/credit tenants include Walmart Supercenter, Petco, Sam’s Club, Ross Dress for Less, Publix, Lowe’s Home Improvement, Home Depot, Hobby Lobby, and more. Strong tenant synergy increases consumer draw to the immediate trade area and provides crossover store exposure to the site. The 5-mile trade area is supported by 105,554 residents and 55,187 employees, providing a direct residential consumer base from which to draw. Residents within 3 miles of the subject property boast a healthy average household income of $80,322.

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