Destination Pet - Holiday Pet Hotel
Encinitas, CA
Destination Pet - Holiday Pet Hotel
- Price: $2,418,181
- Cap Rate: 5.50%
- Years Remaining: 15
- Rentable Area: 5,539 SF





Investment Highlights
- Sales Price: $2,418,181
- Cap Rate: 5.50%
- Years Remaining: 15
- Lot Size: .68 Acres
- Market: Encinitas, CA
Contact Broker

Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN leased, freestanding, Holiday Pet Hotel investment property located in Encinitas, California. The Tenant, Destination Pet, has 15 years remaining in their initial term with 3 5-year options to extend. The lease features annual rental increases between the greater of 3% and CPI. The lease is an absolute triple net with no landlord responsibilities, making it an ideal, no-management investment opportunity for a passive investor. Destination Pet is a nationwide community of pet professionals committed to providing total pet health care through their over 100 locations.
Location
Holiday Pet Hotel is strategically located on Union Street. The site benefits from superior visibility via significant street frontage and a pylon sign. It also benefits from visibility off of the I-5 North, which sees over 105,000 vehicles daily. It shares this busy Encinitas area with nationally recognized tenants like Days Inn, In-N-Out, Petco, and Starbucks. The 5-mile trade area is supported by a population of 133,111 and 75,279 daytime employees with an average household income of $185,394.



















