Grace Veterinary Clinic

Grace Veterinary Clinic
Chatham, Illinois

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Springfield MSA

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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, 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.

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    Aadobe Animal Hospital – Mixed Use + 2 Apartments

    Staten Island Pet Hospital Building
    Staten Island, New York

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    Staten Island 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, 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.

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      Animal Medical Clinic

      Salt Lake City MSA
      Bountiful, Utah

      Salt Lake City 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 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.

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        Animal Care Exraordinaire

        PetVet Care Centers – Animal Care Extraordinaire

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        Pet Vet Care Centers – Animal Care Extraordinaire

        987 SE Monterey Road Stuart, Florida 34994

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          West Gate Veterinary Hospital

          West Gate Veterinary Hospital

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          PetVet Care Centers – West Gate Veterinary Hospital

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            Blue Pearl Pet Hospital

            Blue Pearl Pet Hospital – Skokie, IL

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            Blue Pearl Pet Hospital - Skokie, IL

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              Tall City Veterinary Hospital

              NVA – TALL CITY VETERINARY HOSPITAL

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              NVA – TALL CITY VETERINARY HOSPITAL

              4606 W. WALL STREET MIDLAND, TEXAS 79703

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                Tri-County Animal Hospital

                Tri-County Animal Hospital
                Fort Pierce, Florida

                VCA – Tri-County Animal Hospital

                1811 Okeechobee Road, Fort Pierce, Florida 34950

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                  Prineville Veterinary Clinic

                  NVA – Prineville Veterinary Clinic

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                  NVA - Prineville Veterinary Clinic

                  340-350 NE Hickey Farms Road Prineville, Oregon 97754

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                    VCA – Oakwood Professional Center

                    VCA – Oakwood Professional Center

                    VCA

                    VCA- Carriage Hills Animal Hospital

                    3200 Eastern Boulevard Montgomery, AL 36116

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