PetSuites

Stable Investment – There are ±7.7 years remaining on the Absolute NNN lease with three, five-year renewal options to extend the lease.
Scheduled Rental Increases – The lease features 3% rental escalators every 3 years, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.
Recession Resistant Property – Essential pet services infrastructures are extremely sought-after investments for their resistance to
downturns in the economy and e-commerce trends that affect traditional retail properties.
Zero Landlord Responsibility – The Absolute NNN structure offers a truly passive investment, ideal for 1031 exchange buyers or national investors seeking a “hands-off” asset with no maintenance or management obligations.
Tenant Investment in Location – Pet hospitals rarely relocate due to the difficulty of retaining the same patients in a new location and the high costs associated with moving and build-outs. PetSuites has been operating at this facility since 2013.
Highly Desirable Demographics – The facility serves a dense, affluent trade area of 191,410+ residents within a 5-mile radius, with an average household income of $112,000.
Prime Position in High-Growth Corridor – Situated in the high-growth Columbus MSA along N Hamilton Rd (19,996 VPD+) and is minutes from I-270 (182,000+ VPD).
National Veterinary Associates (NVA) Corporate Guaranty – The lease features a corporate guaranty from National Veterinary Associates (NVA), the largest private owner of freestanding veterinary hospitals and pet resorts in the world. As a premier brand within the NVA portfolio, PetSuites is supported by a dominant global network.

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Matt Wallace