Hanford Veterinary Hospital

NVA - Hanford Veterinary Hospital
Hanford, CA

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NVA - Hanford Veterinary Hospital

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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 NN leased, freestanding, Hanford Veterinary Hospital investment property located in Hanford, CA. The Tenant, NVA, has over 7.5 years remaining in their initial term with 2 5-year options. The lease also features rare rental increases of annual, uncapped CPI. The lease is a double net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. NVA The lease is corporate guaranteed by National Veterinary Associates, Inc. the largest private owner of freestanding veterinary hospitals with over 1,400 locations worldwide.

 

Location

Hanford Veterinary Hospital is strategically located on Glendale Avenue. The site benefits from superior visibility via significant street frontage and a monument sign situated along Glendale Ave. It shares this busy Hanford area with national businesses like Crumbl Cookies, Dunkin’, In-N-Out, Target, and Walmart. The location benefits from the frequent street traffic of CA 198, which sees over 30,000 vehicles daily. The 5-mile trade area is supported by a population of 70,957 and 19,346 daytime employees with an average household income of $82,452. 

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    Holiday Pet Hotel

    Destination Pet - Holiday Pet Hotel
    Encinitas, CA

    Destination Pet - Holiday Pet Hotel

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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 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.

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      Animal Hospital in Fairfield

      Animal Hospital in Fairfield
      Fairfield, CA

      Animal Hospital in Fairfield

      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 corporate signed NN leased, United Veterinary Care investment property located in Fairfield, California (Vallejo MSA). The tenants, United Veterianry Care CA Inc., has 9 years remaining on their initial term, with 2 (5-year) options to extend. The lease features 3% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to roof, structure, & HVAC replacement, making it an ideal, low-management investment opportunity for a passive investor. 

      Location

      The subject property is located near the signalized, hard corner intersection of Airbase Pkwy and N. Texas St., totaling a combined 68,600 vehichles passing by daily. The site benefits from nearby direct on/off ramp access to Interstate 80 (212,000 VPD), the primary east/west commuter freeway traveling throughout Fairfield. Additionally, the asset is located nearby Solano Town Center, a newly renovated 1,040,000 square foot neighborhood center featuring more than 20 stores including Macy’s, Dick’s Sporting Goods, Best Buy, Dave and Buster’s, and more, increasing consumer draw to the immediate trade area. Moreover, the veterinary clinic is strategically positioned across the street from a Walmart Supercenter and Fairfield High School, greatly helping with store exposure and crossover traffic. The 5-mile trade area is supported by more than 133,800 residents and 43,500 daytime employees and features an affluent average household income of $102,909.

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        Pathway Vet Alliance

        Pathway Vet Alliance
        Culver City, CA

        Pathway Vet Alliance

        9599 Jefferson Boulevard, Culver City, California 90232

        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 NN leased, corporate signed, Pathway Vet Alliance investment property located in Culver City, California (Los Angeles MSA). The tenant, Pathway Vet Alliance LLC, recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features rare 3% annual rental increases during the initial term, and fair market rental increases in the options, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to maintaing the roof, structure, and landscaping, making this an ideal, low-management investment opportunity for a passive investor. The lease is guaranteed by Pathway Vet Alliance, LLC, a nationwide veterinarian practice with over 390 locations. This offering represents a rare opportunity to acquire a single tenant animal hospital trophy asset within a dense, infill trade area with high barriers for new development. 

        Location

        Access Specialty Animal Hospital is located on the signalized, hard corner intersection of Jefferson Blvd and Duquense Ave, featuring a combined 47,600 vehicles passing by daily. The property features significant street frontage, with multiple monument signs, allowing for excellent visibility to the surrounding traffic. The site is surrounded by numerous multifamily housing complexes including Lakeside Village Condominiums (530 units), Raintree Townhomes (230 units), The Village Green (627 units) and more, providing a nearby. direct residential consumer base from which to draw. The property is located less than 2 miles from Interstate 10 (296,000 vehicles per day), a heavily traveled cross-country highway serving Los Angeles and the greater Southern California area. Nearby national/credit tenants include Target, Ross Dress For Less, Trader Joes, Chick-fil-A, LA Fitness, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover exposure for the tenant. Moreover, the sire is located near Kaiser Permanente West Los Angeles Medical Center, a 351-bed healthcare facility that was named a “Top Hospital” by the Leapfrog Group in 2013. The 5-mile trade area is supported by a dense population of over 871,000 residents and 663,000 employees with an affluent average household income of $120,082.

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          Santa Rosa Veterinary Hospital

          Santa Rosa Veterinary Hospital
          Santa Rosa, CA

          Santa Rosa Veterinary Hospital

          Investment Highlights

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          Description

          The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building) in a NNN leased, freestanding, Santa Rosa Vet Hospital investment property located in Santa Rosa, California. The tenant, Western Veterinary Partners, LLC, has over 9.5 years remaining in their initial term with 2 (5-yar) options to extend. The lease features 2% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor. Santa Rosa Veterinary Hospital has been providing exceptional small animal health care to the pets of Santa Rosa and surrounding communities for more than 85 years.

          Location

          The subject property is strategically located along 4th Street, a major retail and commuter thoroughfare averaging 33,000 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large monument sign along 4th Street. Additionally, the asset is within close proximity to Santa Rosa Memorial Park and Franklin Park, two of the most scenic urban environments in all of Santa Rosa. When it comes to walking/running with ones dog, it is hard to find a better place to let them roam than the two highlighted parks. Moreover, the site is within close proximity to a variety of national/credit tenants including Target, T.J. Maxx, Ross Dress for Less, CVS Pharmacy, Walgreens, and more, increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site. The 5-mile trade area is supported by nearly 189,000 residents and 80,000 daytime employees. Residents within 1 mile of the subject property boast an affluent average household income of $105,000.

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