Loving Care Pet Hospital
Santa Fe, Texas
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.