Investment Overview

Built in 1999, this 27,199 SF facility features the most extensive animal related emergency services in Pierce County. This single tenant medical office is fully leased to NVA Summit Veterinary Management LLC and is backed by the largest private owner of freestanding veterinary hospitals in the United States, National Veterinary Associates Inc. This newly renewed 10- year, triple-net lease features strong annual rental increases of 3.5%, providing an appealing return, a hedge against inflation, and minimal landlord responsibilities. NVA has invested heavily in the medical buildout of the hospital, demonstrating their long-term commitment to the site. NVA Summit sits on a generous 1.57-acre lot and includes an ancillary parking lot that provides an additional 58 stalls. The property is located just off I-5, providing great access for employees and customers alike. Tacoma’s growing population rate, combined with over 60% of Washington households owning a pet, positions NVA Summit well for a continuation of strong profit growth within the veterinary services industry.