AVS Equine Hospital

AVS Equine Hospital
Tallahassee, Florida

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AVS Equine 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 NNN leased, corporate guaranteed, NVA AVS Equine Hospital investment property located in Tallahassee, Florida. The tenant, NVA AVS Equine Veterinary Management, LP, has over 13 years remaining in their initial term with 2 (5-year) options to extend. The lease features annual CPI-based or 2.5% (whichever is greater) rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed by National Veterinary Associates, Inc. and is absolute NNN with zero landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. NVA (National Veterinary Associates) is a nationally recognized brand and operates more than 1,000 animal hospitals worldwide. Built in 2005, the state-of-the-art facility sits on a 16.37-acre lot and features a 26,000 SF hospital building as well as 3 live-in apartment units.

Location

NVA AVS Equine Hospital is located just off State Highway 142, a primary commuter thoroughfare for the trade area averaging 11,600 vehicles passing by daily. Additionally, the site is within close proximity to the community of Bradfordville, FL, a major retail hub for the trade area that features numerous national/credit tenants including Walmart Supercenter, Target, Publix, Ace Hardware, Goodwill, Chick-fil-A, and more. Furthermore, there is very limited competition in the surrounding region, with the asset being one of the only full-service equine hospital options that also deals with complex cases. The next closest facilities are University of Florida, Auburn University, and University of Georgia. The 10-mile trade area is supported by more than 51,600 residents and 8,000 daytime employees. Residents within 1 mile of the subject property boast an affluent average household income of $139,900.

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    Miller Clark Animal Hospital – Mixed Use Property

    Miller- Clark Animal Hospital
    Mamaroneck, New York

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    New York Pet Hospital Building

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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 net leased, mixed-use, corporate guaranteed, Miller-Clark Animal Hospital investment property located in Mamaroneck, New York (New York City MSA). The offering includes a single three-story building, comprised of commercial space on the first floor and 4 single-bedroom apartments on the second and third floors. The property is currently 100% occupied, and provides multiple sources of potential income for a future investor. The primary tenant, PetVet Care Centers (New York), LLC, has approximately 9 years remaining in their initial term with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. With more than 260 general, specialty and emergency hospitals, PetVet Care Centers is a nationwide veterinary network with a solid commitment to pets and their owners in every community they serve.

    Location

    Miller-Clark Animal Hospital is strategically located within the heart of an extremely dense neighborhood that includes Florence Park, a popular community park with a quarter-mile jogging/walking path perfect for walking dogs. The Town of Mamaroneck, with its beautiful Long Island Sound waterfront and easy access to highways, airports, and Metro North train service to New York City is a prime suburban residential community. In addition, the asset is located adjacent to Rye Neck Senior High School, increasing exposure for the animal hospital. The 5-mile trade area is supported by more than 197,500 residents and 95,000 daytime employees. Residents within 3 miles of the subject property boast an affluent average household income of $209,000.

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      Berks Animal Emergency Center

      Shillington Pennsylvania Animal Hospital

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      Shillington Pennsylvania Animal Hospital

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      Description

      SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NN leased, corporate guaranteed, Berks Animal Emergency & Referral Center investment property located in Shillington, PA. The tenant, Pet Partners of Pennsylvania, LLC, has over 5 years remaining in their initial term with 2 (5-year) options to extend. The lease features rare 2.5% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease has a corporate guarantee from BluePearl Veterinary Partners and is NN with landlord responsibilities limited to roof, structure, unexposed utility lines, and HVAC. Founded in 1996, BluePearl is one of the largest emergency veterinary practices currently operating 90 hospitals in 26 states.

      Location

      The subject property is strategically located near the signalized, hard corner intersection of W. Lancaster Avenue and Museum Road, averaging a combined 29,200 vehicles passing by daily. The asset benefits from nearby on/off ramp access to U.S. Highway 222 (29,600), a major commuter thoroughfare going through Shillington and the primary route for travelers going to/from Lancaster and Reading. The animal hospital is within walking distance of Shillington Square (150,400 SF) and Shillington Plaza (150,500 SF), two shopping centers that are anchored by Grocery Outlet and Ollie’s Bargain Outlet. Other nearby retail centers include Spring Towne Center (113,100 SF) and Shillington Shopping Center (75,000 SF), significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site. The Shillington retail corridor is home to a variety of national/credit tenants including Lowe’s Home Improvement, Giant, Walgreens, Goodwill, Rite Aid, and more, further increasing exposure and crossover synergy for the asset. Additionally, the property is directly across from The Highlands at Wyomissing, a 113-acre continuing care retirement community that contains over 280 units. The 5-mile trade area is supported by a population of more than 175,800 residents and 95,500 employees with a healthy average household income of $91,400.

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        Mountainaire Animal Clinic

        Mountainaire Animal Clinic
        Rock Springs, Wyoming

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        Rock Springs Wyoming

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        The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, Mountainaire Animal Clinic (PetVet Care Centers) investment property located in Rock Springs, Wyoming. The tenant, Mountainaire Animal Clinic Rock Springs, LLC, has approximately 8.75 years remaining in their initial term with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor. With more than 260 general, specialty and emergency hospitals, PetVet Care Centers is a nationwide veterinary network with a solid commitment to pets and their owners in every community they serve.

        Location

        Mountainaire Animal Clinic is strategically located along Yellowstone Road, a major commuter thoroughfare traveling through Rock Springs, averaging 6,000 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large pylon sign along Yellowstone Road. The clinic is ideally positioned across the street from Paul J. Wataha Recreation Area, a popular community park with a large amount of grass area for pet-owners to walk/run with their dogs. There is virtually no competition in the surrounding 5-mile trade area, providing the animal hospital with a consistent consumer base in Rock Springs. The 5-mile trade area is supported by more than 26,000 residents and 14,000 daytime employees. Residents within 1 mile of the subject property boast an affluent average household income of $108,000.

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          Briarcrest Veterinary & The Family Doctor

          Briarcrest Veterinary & The Family Doctor
          Tucson, Arizona

          Tucson Arizona

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          The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant, NNN leased, freestanding, Briarcrest Veterinary & The Family Doctor investment property located in Tucson, Arizona. BRZ AZ MGMT, LLC (6,000 SF) has approximately 10 years remaining in their initial term with 2 (5-year) options to extend. The other tenant, The Family Doctor, PLLC (896 SF), has approximately 1 year remaining in their initial term. The leases are NNN, reducing expense leakage for a new investor. Briarcrest Veterinary Care Center is corporate guaranteed by Blue River Petcare Group, LLC, a leading operator of veterinary hospitals caring for household pets, managing a network of 118 general practice hospitals and 300+ veterinarians across 23 states in the U.S.

          Location

          The Briarcrest Veterinary & The Family Doctor property is strategically located near the signalized, hard corner intersection of E Tanque Verde Road and N Sabino Canyon Road, averaging 80,100 vehicles passing by daily. The subject property is perfectly positioned across from Morris K. Udall Park (173 acres), one of the largest parks on the East Side of Tucson that includes an off-leash dog park. When it comes to walking/running ones dog, it is hard to find a better place to let them roam than the Morris K. Udall Park. The two-tenant building is ideally situated adjacent to Colonia Verde Shopping Center, a 98,937 square foot neighborhood center anchored by Safeway, Walgreens, and Ace Hardware. Located in the heart an exceptional retail corridor, the property is within close proximity to a variety of other national/credit tenants including Walmart Supercenter, Costco Wholesale, Target, Lowe’s Home Improvement, Ross Dress for Less, Petco, CVS Pharmacy, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. In addition, the asset is located just 3 miles east of Tucson Medical Center (457 beds) and just 2.75 miles north of St. Joseph’s Hospital (486 beds), providing the medical office with a direct consumer base to draw from. With two hospitals nearby, the immediate trade area serves a medical cluster, promoting collaboration between hospitals, medical offices, and medical retailers. Moreover, the property is surrounded by several housing communities including Tanque Verde (428 units), Estancia (217 units), and Pantano Townhomes, providing the asset with a direct residential consumer base from which to draw. The 5-mile trade area is supported by nearly 238,000 residents and 88,000 daytime employees with an average household income of $75,000.

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            Animal Hospital of Hinesburg

            Animal Hospital of Hinesburg
            Hinesburg, Vermont

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            AmeriVet

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              Bristol Animal Hospital & Bristol Physical Therapy – Mulit Tenant Center

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              AmeriVet & Bristol Physical Therapy
              Bristol, Vermont

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              AmeriVet & Bristol Physical Therapy

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                Loving Care Pet Hospital

                Loving Care Pet Hospital
                Santa Fe, Texas

                Houston MSA

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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 absolute NNN, freestanding, Loving Care Pet Hospital investment property located in Santa Fe, TX (Houston MSA). The tenant, Best Friends Veterinary Services, Inc., has approximately 7 years remaining in their initial term with 3 (5-year) options to extend. The lease features rare 1.5% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Headquartered in Kent, Washington, Lakefield Veterinary Group currently operates over 50 locations across 9 states.

                Location

                The subject property is strategically located along State Highway 6, averaging a combined 16,000 vehicles passing by daily. The site is equipped with a large pylon sign, creating excellent visibility along State Highway 6. The animal hospital is within walking distance of Santa Fe Plaza, a 53,000 SF shopping center that is anchored by H-E-B. Nearby retail centers significantly increase consumer draw to the immediate trade area and promote crossover store exposure for the site. The Santa Fe retail corridor is also home to a variety of national/credit tenants including Tractor Supply Co., CVS Pharmacy, AutoZone, McDonald’s, O’Reilly Auto Parts, and more, further increasing exposure and crossover synergy for the asset. Furthermore, there is extremely limited competition in the surrounding 5-mile area with the asset being one of only two veterinary hospital options for the city of Santa Fe. Additionally, the property is across from Village Manor Apartments (71 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by a population of nearly 43,000 residents with an affluent average household income of $100,297.

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                  West Gate Veterinary Hospital

                  West Gate Veterinary Hospital
                  Enterprise, Alabama

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                  West Gate Veterinary 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 NNN, corporate guaranteed veterinary hospital property located in Enterprise, Alabama. The corporate tenant recently executed a 10-year lease extension providing for an initial term through October 2030 with 2 (5-year) options to extend, demonstrating their strong commitment to the site. The lease features 1.5% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. With more than 330 general, specialty, and emergency hospitals, PetVet Care Centers is a nationwide veterinary network with a solid commitment to pets and their owners in every community they serve.

                  Location

                  West Gate Veterinary Hospital is strategically located within a densely populated neighborhood that includes several apartment complexes within walking distance of the animal hospital. Nearby apartments include Heron Cove (200 units), Chateau Village (56 units), Brookdale (44 units), and Meadowbrook (66 units), providing the site with a direct residential consumer base from which to draw. The property is ideally situated near the signalized, hard corner intersection of State Highway 248 and Boll Weevil Circle, averaging a combined 50,600 vehicles passing by daily. U.S. Highway 84 is the primary retail corridor traveling throughout Enterprise, featuring a variety of national/credit tenants including Walmart Supercenter, Lowe’s Home Improvement, Tractor Supply Co., Publix Super Market, Walgreens, CVS Pharmacy, 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 37,000 and 11,000 daytime employees with an average household income of $68,000.

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                    Village East Animal Hospital

                    Village East Animal Hospital
                    Evansville, Indiana

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                    Evansville Indiana

                    1305 S. Green River Road, Evansville, Indiana 47715

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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, recently renovated, Village East Animal Hospital investment property located in Evansville, Indiana. The tenant, NVA Village East Animal Hospital, Inc., recently executed a 7-year lease extension providing for an initial term through October 2027 with 2 (5-year) options to extend, demonstrating their strong commitment to the site. The lease features annual CPI-based rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor.

                    Location

                    Village East Animal Hospital is strategically situated within a densely populated neighborhood that includes several apartment complexes within walking distance of the animal hospital. Nearby apartments include Addison Place (152 units), Devonshire Place (106 units), Horizon Homes (148 units), and Dalehaven Estates (119 units), providing the site with a direct residential consumer base from which to draw. The property is ideally situated along S Green River Road, a major retail and commuter thoroughfare averaging 17,300 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large pylon sign. S Green River Road is the primary retail corridor traveling throughout Evansville, featuring a variety of national/credit tenants including The Home Depot, Target, Dillards, Macy’s, Ross Dress for Less, Michaels, Kohl’s, Walgreens, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. In addition, the animal hospital is located just 1 mile southeast of Ascension St. Vincent Evansville (438 beds), a comprehensive network of healthcare services for more than 900,000 residents in the tri-state area (IN, IL, and KY). The 5-mile trade area is supported by nearly 112,000 residents and 103,000 daytime employees with an average household income of $62,000.

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