K9 Resorts

Long-Term NNN Lease with Recent Extension: New 10-year lease extension with K9 Resorts provides investors with stable, predictable cash flow and zero landlord responsibilities. All expenses including maintenance and roof responsibilities are paid directly by the tenant, creating a management free investment.
Demonstrated Long-Term Commitment to the Location: The tenant originally occupied the space in April 2022 and has since renewed and extended its lease for an additional 10 years, reinforcing the operational success of the location and the tenant’s confidence in the surrounding market.
Expanding National Operator: Luxury Pet Hotel Investments, LLC is the largest franchisee for K9 Resorts and has raised $39M to open a total of 43 locations across the U.S.: eight in Chicago, 11 in Los Angeles, 11 across Virginia/DC and 13 in Southeast Florida.
Prime Wellington Submarket: Located in one of Palm Beach County’s most affluent and highly desirable areas with strong household income levels and steady consumer demand.
Growth & Development Tailwinds: The property benefits from substantial ongoing investment throughout Wellington, including major mixed-use, residential, and retail developments that are increasing
population density, disposable income, and daily traffic throughout the submarket.
Strong Real Estate Fundamentals: Well maintained building on more than one acre of land in a supply constrained, high income suburban market offering long term stability and appreciation potential.
Affluent, Pet-Oriented Demographics: Wellington’s high household incomes, strong owner-occupancy rates, and lifestyle-driven population align directly with K9 Resorts’ luxury pet care customer base.

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Kyle Matthews