Loving Care Pet Hospital

Loving Care Pet Hospital
Santa Fe, Texas

Houston MSA

Investment Highlights

Contact Broker

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.

Contact Broker

    West Gate Veterinary Hospital

    West Gate Veterinary Hospital
    Enterprise, Alabama

    logo

    West Gate Veterinary Hospital

    Investment Highlights

    Contact Broker

    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.

    Contact Broker

      Village East Animal Hospital

      Village East Animal Hospital
      Evansville, Indiana

      nva-logo

      Evansville Indiana

      1305 S. Green River Road, Evansville, Indiana 47715

      Investment Highlights

      Contact Broker

      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.

      Contact Broker

        Sutter Animal Hospital

        Yuba Sutter Animal Hospital
        Yuba City, California

        vca-logo-main

        VCA Yuba Sutter Animal Hospital

        Investment Highlights

        Contact Broker

        Description

        The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed, VCA Yuba Sutter Animal Hospital investment property located in Yuba City, California (Sacramento MSA). The tenant, XLNT Veterinary Care, Inc., has approximately 1.5 years remaining in their initial term with 2 (5-year) options to extend. The lease is corporate guaranteed by VCA Inc. and is NNN with landlord responsibilities limited to roof maintenance, making it an ideal, low-management investment opportunity for a passive investor. Included in the offering is a vacant 1,200 SF building adjacent to the animal hospital, providing the potential to add value through lease-up at market rents. Headquartered in Los Angeles, California, VCA Animal Hospitals have 6,000+ compassionate veterinarians, more than 600 board-certified specialists, and 1,000+ animal hospitals across 46 states and 5 Canadian provinces.

        Location

        VCA Yuba Sutter Animal Hospital is located near the signalized, hard corner intersection of Colusa Avenue and Golden State Highway, averaging a combined 68,000 vehicles passing by daily. The property benefits from excellent visibility via significant street frontage and a large pylon sign along Colusa Avenue. The animal hospital is positioned across from Yuba Sutter Mall, a 422,177 SF regional mall anchored by Sears, JCPenney, Planet Fitness, and Ross Dress for Less. In addition, the medical office is ideally situated in the heart of an immense retail corridor, and is within close proximity to a variety of national/credit tenants including Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, Target, Sam’s Club, Tractor Supply Co., Kohl’s, WinCo. Foods, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Moreover, the asset is surrounded by several apartment complexes including Granada (96 units), Kimerand (32 units), and Feather Downs (52 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by nearly 106,000 residents and 38,000 daytime employees. Residents within 3 miles of the subject property feature an average household income of $73,000.

        Contact Broker

          Grace Veterinary Clinic

          Grace Veterinary Clinic
          Chatham, Illinois

          pathway-logo

          Springfield MSA

          Investment Highlights

          Contact Broker

          Description

          The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, freestanding, Grace Veterinary Clinic investment property located in Chatham, Illinois (Springfield MSA). The tenant, Pathway Vet Alliance LLC, has over 2 years remaining in their initial term with 4 (5-year) options to extend. The lease features 2% 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, landscaping, irrigation systems, and CAM. Headquartered in Austin, TX, Pathway Vet Alliance operates more than 390 veterinary service locations across 37 states.

          Location

          Grace Veterinary Clinic is strategically located near the signalized, hard corner intersection of N Main Street and E Walnut Street, averaging a combined 16,800 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage along N Main Street, the primary retail corridor traveling through Chatham. In addition, the subject property is located in the heart of a dense neighborhood, providing excellent visibility to a multitude of families and pet owners. The building benefits from its ideal location just 1 mile north of Chatham Community Park, a public area that includes a variety of amenities and a mixture of open space and recreational facilities. When it comes to walking/running ones dog, it is hard to find a better place to let them roam than Chatham Community Park. The 5-mile trade area is supported by more than 24,000 residents and 6,000 daytime employees with an affluent average household income of $115,000.

          Contact Broker

            Aadobe Animal Hospital – Mixed Use + 2 Apartments

            Staten Island Pet Hospital Building
            Staten Island, New York

            vetlogo

            Staten Island Pet Hospital Building

            Investment Highlights

            Contact Broker

            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, Aadobe Pet Hospital investment property located in Staten Island, NY (New York City MSA). The offering includes a one-story building designated for commercial use and a two-story building located in the rear with two-bedroom apartments on each level. The property is currently 100% occupied, and provides multiple sources of potential income for a future investor. The primary tenant, PetVet Care Centers, LLC, has approximately 8 years remaining in their initial term with 2 (5-year) options to extend. 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

            Aadobe Pet Hospital is strategically located along Forest Avenue, a major commuter and retail thoroughfare averaging 49,600 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and prominent signage on the north/west side of the building. The clinic is ideally situated less than 1 mile west of Clove Lakes Park, a popular community park with a large amount of grass area for pet-owners to walk/run their dogs. In addition, the site is within close proximity to a variety of national/credit tenants including The Home Depot, Target, Lowe’s Home Improvement, Kohl’s, Stop & Shop, ShopRite, Michaels, and more, significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site. The 5-mile trade area is supported by more than 495,000 residents and 138,000 daytime employees with a healthy average household income of $95,000.

            Contact Broker

              Animal Medical Clinic

              Salt Lake City MSA
              Bountiful, Utah

              Salt Lake City MSA

              Investment Highlights

              Contact Broker

              Description

              The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, corporate guaranteed, Animal Medical Clinic investment property located in Bountiful, Utah (Salt Lake City MSA). The tenant, Pathway Partners Vet Management LLC, has 2 years remaining in their initial term with 4 (5-year) options to extend. The lease features rare 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease has a corporate guarantee from Pathway Vet Alliance and is NNN with landlord responsibilities limited to roof and structure. Pathway Vet Alliance currently operates over 390 locations in 37 states with a growing network of veterinary professionals.

              Location

              The subject property is strategically located along U.S. Highway 89, a retail and commuter thoroughfare averaging 18,000 vehicles passing by daily. The site is equipped with a large pylon sign, creating excellent visibility along U.S. Highway 89. The asset benefits from nearby direct on/off ramp access to Interstate 15 (168,000), the primary north/ south thoroughfare traveling directly into Downtown Salt Lake City and serving as a gateway to major markets throughout the Southwest. The animal hospital is positioned directly across from Costco Wholesale and Lowe’s Home Improvement, significantly increasing consumer draw to the immediate trade area and promoting crossover traffic to the site. Other nearby national/credit tenants include At Home, Office Depot, Smith’s Food & Drug, Walgreens, Michaels, T.J. Maxx, and more. The subject property is ideally located in the heart of the Bountiful retail corridor and is within close proximity to multiple shopping centers including Gateway Crossing (310,000 SF) and The Commons at West Bountiful (338,000 SF), further increasing exposure and crossover synergy for the asset. Moreover, the site is nearby several apartment complexes including Springwood Apartments (144 units), The Park Apartment Homes (138 units), and Millstream Garden (44 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by a population of more than 104,600 residents and 35,000 employees with an affluent average household income of $105,000.

              Contact Broker

                Animal Care Exraordinaire

                PetVet Care Centers – Animal Care Extraordinaire

                vet-care-correct-2

                Pet Vet Care Centers – Animal Care Extraordinaire

                987 SE Monterey Road Stuart, Florida 34994

                Investment Overview

                Contact Broker

                  West Gate Veterinary Hospital

                  West Gate Veterinary Hospital

                  vet-care-correct-2

                  PetVet Care Centers – West Gate Veterinary Hospital

                  1007 Rucker Boulevard Enterprise, Alabama 36330

                  Investment Overview

                  Contact Broker

                    Blue Pearl Pet Hospital

                    Blue Pearl Pet Hospital – Skokie, IL

                    Blue-Pearl_Logo_2

                    Blue Pearl Pet Hospital - Skokie, IL

                    3735 W. Dempster Street Skokie, Illinois 60076

                    Investment Overview

                    Contact Broker