Briarcrest Veterinary & The Family Doctor

Briarcrest Veterinary & The Family Doctor
Tucson, Arizona

Tucson Arizona

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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 two-tenant, NNN leased, freestanding, Briarcrest Veterinary & The Family Doctor investment property located in Tucson, Arizona. BRZ AZ MGMT, LLC (6,000 SF) has approximately 10 years remaining in their initial term with 2 (5-year) options to extend. The other tenant, The Family Doctor, PLLC (896 SF), has approximately 1 year remaining in their initial term. The leases are NNN, reducing expense leakage for a new investor. Briarcrest Veterinary Care Center is corporate guaranteed by Blue River Petcare Group, LLC, a leading operator of veterinary hospitals caring for household pets, managing a network of 118 general practice hospitals and 300+ veterinarians across 23 states in the U.S.

Location

The Briarcrest Veterinary & The Family Doctor property is strategically located near the signalized, hard corner intersection of E Tanque Verde Road and N Sabino Canyon Road, averaging 80,100 vehicles passing by daily. The subject property is perfectly positioned across from Morris K. Udall Park (173 acres), one of the largest parks on the East Side of Tucson that includes an off-leash dog park. When it comes to walking/running ones dog, it is hard to find a better place to let them roam than the Morris K. Udall Park. The two-tenant building is ideally situated adjacent to Colonia Verde Shopping Center, a 98,937 square foot neighborhood center anchored by Safeway, Walgreens, and Ace Hardware. Located in the heart an exceptional retail corridor, the property is within close proximity to a variety of other national/credit tenants including Walmart Supercenter, Costco Wholesale, Target, Lowe’s Home Improvement, Ross Dress for Less, Petco, CVS Pharmacy, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. In addition, the asset is located just 3 miles east of Tucson Medical Center (457 beds) and just 2.75 miles north of St. Joseph’s Hospital (486 beds), providing the medical office with a direct consumer base to draw from. With two hospitals nearby, the immediate trade area serves a medical cluster, promoting collaboration between hospitals, medical offices, and medical retailers. Moreover, the property is surrounded by several housing communities including Tanque Verde (428 units), Estancia (217 units), and Pantano Townhomes, providing the asset with a direct residential consumer base from which to draw. The 5-mile trade area is supported by nearly 238,000 residents and 88,000 daytime employees with an average household income of $75,000.

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