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

        1007 Rucker Boulevard Enterprise, Alabama 36330

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          Blue Pearl Pet Hospital

          Blue Pearl Pet Hospital – Skokie, IL

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          Blue Pearl Pet Hospital - Skokie, IL

          3735 W. Dempster Street Skokie, Illinois 60076

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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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                    VCA – Monte Vista Animal Hospital

                    VCA – Concord Animal Hospital

                    VCA

                    VCA – Concord Animal Hospital

                    1488 Washington Boulevard, Concord, CA 94521

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