Santa Rosa Veterinary Hospital

Santa Rosa Veterinary Hospital
Santa Rosa, CA

Santa Rosa Veterinary Hospital

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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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    Nassau Veterinary Clinic

    Nassau Veterinary Clinic
    Nassau, NY

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    Nassau Veterinary Clinic

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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, Community Veterinary Partners (Nassau Veterinary Clinic) investment property located in Nassau, New York. The tenant, CVP Operations NY, LLC, has over 7 years of lease term remaining with 2 (5-year) options to extend. The lease features rare 2% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Founded in 2009, CVP provides operational support to 50 hospitals in 10 states, allowing veterinarians to focus on practicing medicine. 

    Location

    Community Veterinary Partners (Nassau Veterinary Clinic) is located just off U.S. Highway 20, a primary commuter thoroughfare for the trade area averaging 103,300 vehicles passing by daily. The property benefits from excellent visibility via significant street frontage and a large monument sign. The sire is within close proximity to on/off ramp access to Interstate 90 (26,700 vehicles per day), a major east/west highway that serves as a gateway to major markets throughout the Northern United States. Additionally, the asset is 1.5 miles southeast of a brand-new, $100 million Amazon Distribution Center. Sitting on 115 acres, the new development features a 1.02 million SF Class A industrial facility that employs over 800 employees. Furthermore, there is extremely limited competition in the trade area with the asset being one of the only veterinary hospital options for the city of Nassau. The 5-mile trade area is supported by more than 18,700 residents and 4,700 daytime employees with an affluent average household income of $103,280.

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      Crawford Dog & Cat Hospital

      Crawford Dog & Cat Hospital
      Garden City, NY

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      Crawford Dog & Cat Hospital

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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, Crawford Dog and Cat Hospital investment property located in Garden City Park, New York. The tenant, Medical Management International, Inc., has approximately 9 years remaining in their initial term with 3 (5-year) options to extend. The lease features 2% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The lease is signed by the corporate entity and is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor. Banfield is the largest privately owned veterinary practice in the United States, operating more than 1,000 clinics in the U.S., Mexico, and the United Kingdom. 

      Location

      The subject property is strategically located along Jericho Turnpike, a major retail and commuter thoroughfare averaging 32,000 vehicles passing by daily. The site benefits from excellent visivility via significant street frontage and prominent signage across the building’s façade. Located within a major retail corridor, the asset is surrounded by several national/credit tenants including Burlington, Petco, Walgreens, Staples, CVS pharmacy, LA Fitness, McDonald’s, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. In addition, the vet hospital is situated less than 1 mile from Michael J. Tully Park and Tully Fog Park, two popular community parks with large amounts of grass area for pet-owners to walk/run with their dogs. The 5-mile trade area is supported by more than 6614,000 residents and 295,000 daytime employees. Residents within 1 mile of the subject property boast an affluent average household income of $173,000.

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        Aston Veterinary Hospital

        Aston Veterinary Hospital
        Media, PA

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        Aston Veterinary Hospital

        5200 Pennell Road, Media, Pennsylvania 19063

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        Description

        The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, Aston Veterinary Hospital investment property located in Media, Pennsylvania. The tenant, Aston Veterinary Hospital, LLC, has more than 13 years remaining on the initial term with 1 (10-year) option to extend, demonstrating their commitment to the site. The lease features a 10% rental increase in June 2024 and every 5 years throughout the initial term and option period, growing NOI and hedging against inflation. The lease is guaranteed by Community Veterinary Partners, LLC, and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in the late 1940’s, Aston Veterinary Hospital has been providing state-of-the-art diagnostics and wellness care for pets for more than 70 years. 

        Location

        The subject property is strategically located along Pennell Rd/ St Hwy 452, a major commuter thoroughfare averaging 12,100 vehicles passing by daily. The street-front property benefits from excellent visibility via a monument sigh along Pennell Rd/ St Hwy 452 as well as easy access via 3 separate points of ingress/egress. The sire is situated within 2.6 miles north of the on/off ramps to Interstate 95 (191,000 vehicles per day), a primary corridor traveling into the heart of Downtown Philadelphia. The asset is within close proximity to Walmart Supercenter, ALDI, Lowe’s Home Improvement, GIANT Food Stores, Walgreens, ShopRite, and more, promoting crossover store exposure for the site. The asset is within 1 mile southeast of Neumann University (2,391 Students) and is surrounded by housing communities including Concord Court Apartments (84 units), Colonial Village Green (63 units), and more, providing a direct consumer base from which to draw. The 5-miles trade area is supported by a dense Population of more than 190,000 residents and 72,000 daytimes employees with an affluent average household income of $101,188.

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          Eastgate Animal Hospital
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          Eastgate Animal 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 ownership) in a NN leased, freestanding, Eastgate Animal Hospital investment property located in Cincinnati, Ohio. The tenant, PetVet Care Centers (Ohio), 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 2.75% 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, utility lines, and fire & extended casualty coverage insurance. With more than 260 general, specialty and emergency hospitals, PetVet Care Centers is a nationwide veterinary network with a solid commitment to pets and their owner in every community they serve. 

          Location

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            Miami Animal Hospital

            Miami Animal Hospital
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            Miami Animal 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 ownership) in a NNN leased, corporate signed, investment grade, Miami Animal Hospital investment property located in Coral Gables, Florida (Miami MSA). The tenant, Southern Veterinary Partners, LLC, has over 13 years remaining in their initial term with 1 (5-year) option to extend, demonstrating their commitment to the site. The lease features 3% annual rental increases throughout the initial term and option period, steadily growing NOI and hedging against inflation. The lease is signed by Southern Veterinary Partners, LLC and is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor.

            Location

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              VCA Bayonet Pointe Animal Hospital

              VCA Bayonet Point Animal Hospital Port Richey, FL

              VCA

              VCA Bayonet Point Animal 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 ownership) in a NNN leased, corporate guaranteed, freestanding, VCA Bayonet Point Animal Hospital investment property located in Port Richey, Florida. The tenant has more than 5 years remaining on their 10-year lease extension with 1 (5-year) option to extend. The lease features rare 3% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The subject property recently underwent significant renovations including roof replacement, new exterior pain, and HVAC repairs. The lease is corporate guaranteed and is NNN with landlord responsibilities limited to liability insurance, HVAC replacement, electrical, and roof/structure repairs, making it an ideal, low-management investment opportunity for a passive investor. Headquartered in Los Angeles, California, VCA Animal Hospitals have 6,000+ compassionate veterinarians, more than 600 board-certified specialists, and 1,000+ animal hospitals across 46 states and 5 Canadian provinces.

              Location

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                AVS Equine Hospital

                AVS Equine Hospital
                Tallahassee, Florida

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                AVS Equine 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 ownership) in a NNN leased, corporate guaranteed, NVA AVS Equine Hospital investment property located in Tallahassee, Florida. The tenant, NVA AVS Equine Veterinary Management, LP, has over 13 years remaining in their initial term with 2 (5-year) options to extend. The lease features annual CPI-based or 2.5% (whichever is greater) rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is corporate guaranteed by National Veterinary Associates, Inc. and is absolute NNN with zero landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. NVA (National Veterinary Associates) is a nationally recognized brand and operates more than 1,000 animal hospitals worldwide. Built in 2005, the state-of-the-art facility sits on a 16.37-acre lot and features a 26,000 SF hospital building as well as 3 live-in apartment units.

                Location

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                  Miller Clark Animal Hospital – Mixed Use Property

                  Miller- Clark Animal Hospital
                  Mamaroneck, New York

                  vet-care-logo

                  New York Pet Hospital Building

                  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 net leased, mixed-use, corporate guaranteed, Miller-Clark Animal Hospital investment property located in Mamaroneck, New York (New York City MSA). The offering includes a single three-story building, comprised of commercial space on the first floor and 4 single-bedroom apartments on the second and third floors. The property is currently 100% occupied, and provides multiple sources of potential income for a future investor. The primary tenant, PetVet Care Centers (New York), LLC, has approximately 9 years remaining in their initial term with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. With more than 260 general, specialty and emergency hospitals, PetVet Care Centers is a nationwide veterinary network with a solid commitment to pets and their owners in every community they serve.

                  Location

                  Miller-Clark Animal Hospital is strategically located within the heart of an extremely dense neighborhood that includes Florence Park, a popular community park with a quarter-mile jogging/walking path perfect for walking dogs. The Town of Mamaroneck, with its beautiful Long Island Sound waterfront and easy access to highways, airports, and Metro North train service to New York City is a prime suburban residential community. In addition, the asset is located adjacent to Rye Neck Senior High School, increasing exposure for the animal hospital. The 5-mile trade area is supported by more than 197,500 residents and 95,000 daytime employees. Residents within 3 miles of the subject property boast an affluent average household income of $209,000.

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                    Berks Animal Emergency Center

                    Shillington Pennsylvania Animal Hospital

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                    Shillington Pennsylvania Animal Hospital

                    Investment Highlights

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                    Description

                    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NN leased, corporate guaranteed, Berks Animal Emergency & Referral Center investment property located in Shillington, PA. The tenant, Pet Partners of Pennsylvania, LLC, has over 5 years remaining in their initial term with 2 (5-year) options to extend. The lease features rare 2.5% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease has a corporate guarantee from BluePearl Veterinary Partners and is NN with landlord responsibilities limited to roof, structure, unexposed utility lines, and HVAC. Founded in 1996, BluePearl is one of the largest emergency veterinary practices currently operating 90 hospitals in 26 states.

                    Location

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