Lindsey & Wills Animal Hospital
Douglas, Georgia

Lindsey & Wills Animal Hospital

1330 West Baker Highway Douglas, GA 31533

Investment Highlights

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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, freestanding, AVG Lindsey and Wills Animal Hospital investment property located in Douglas, Georgia. The tenant, AVG Douglas, LLC, has approximately 9 years remaining in their initial term with 2 (5-year) option periods to extend. The lease features annual rental increases based on the total percentage increase in the CPU throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof, structure, and parking lot, making this an ideal low-management investment opportunity for a passive investor. Founded in 2015, American Veterinary Group (AVG) owns and operates a network of 50+ veterinary hospitals that treat and protect over 500,000 pets annually. 

Location

AVG Lindsey and Wills Animal Hospital is strategically located near the signalized, hard corner intersection of West Baker Highway and State Highway 353, averaging a combined 24,600 vehicles passing by daily. The site benefits from superior store visibility via significant street frontage and a large monument sign positioned along West Baker Highway. In addition, the asset is ideally situated across from the Walmart Regional Merchandise Distribution Center (994,000 SF), a massive distribution facility for one of the world’s biggest retailers with approximately 1,000 employees. State Highway 441 is the primary retail corridor traveling through Douglas, featuring a variety of national/credit tenants including Walmart, Lowe’s Home Improvement, Tractor Supply Company, CVS Pharmacy, Save-A-Lot, Dollar General, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Furthermore, the property is within close proximity to multiple apartment complexes including Pine Meadows (60 units), Georgian Woods (66 units), Estes Park (72 units), and more, providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by over 23,900 residents and 13,500 daytime employees with an average household income of $57,520.

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