Skip to main content

Miscellaneous

Pet Paradise | 18 Yr Abs. NNN | Austin, TX MSA | 4+ Acre Lot in Prime I-35 Location

716 I-35, Georgetown, TX 78628

Listing Price: $8,003,000

Cap Rate
6.50%
Tenant Name
Pet Paradise
Years Remaining On Lease
18.1
Gross SF
19,529
Guarantor
Corporate Guarantee
Rentable SF
19,529
Price/Gross SF
$409.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.64

Investment Overview

Pet Paradise is a full service veterinary clinic and resort for pets, offering dog and cat boarding, grooming, day camp, and training. Headquartered in Jacksonville, Florida and founded in 2002, Pet Paradise will have nearly 60 locations in 11 states by the end of 2023.

Located 30 miles north of Austin, Georgetown is a growing suburb home to more than 86,500 residents. In 2023, Georgetown was named as the fastest-growing city in the U.S. for cities with a population above 50,000, according to data released by the U.S. Census Bureau.

Investment Highlights

  • 18 Years Remaining on an Absolute Triple-Net (NNN) Lease with Annual Rent Increases
  • Growing Trade Area in the Austin MSA with 77,568 Residents in a Five-Mile Radius
  • Georgetown is the Fastest-Growing City in the U.S. Among Cities with 50,000+ Residents, According to U.S. Census Data
  • The Site Features a Fenced Turf Yard, Indoor Pool, On-Site Veterinary Care, Grooming Facility, Climate-Controlled Indoor/Outdoor Suites, and More
  • Situated Immediately Off the I-35 Freeway (97,700 Cars per Day), Providing a Direct Route 28 Miles South to Downtown Austin
  • Average Household Income Exceeds $123,000 within Five Miles of the Site
  • Shadow Anchored by Walmart and The Home Depot and Located Down the Road from Wolf Ranch Town Center
  • Adjacent to The Summit at Rivery Park, Texas' First High-End, Mixed-Use Development Set on 32 Acres, Anchored by the Four-Star Sheraton Austin Georgetown Hotel and Conference Center, and Including Office Space, Restaurants, Retail, and Multifamily

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Miscellaneous

Pet Paradise | 18 Yr Abs. NNN | Austin, TX MSA | 4+ Acre Lot in Prime I-35 Location

Listing Price: $8,003,000

Cap Rate
6.50%
Tenant Name
Pet Paradise
Years Remaining On Lease
18.1
Gross SF
19,529
Guarantor
Corporate Guarantee
Rentable SF
19,529
Price/Gross SF
$409.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.64

Investment Highlights

  • 18 Years Remaining on an Absolute Triple-Net (NNN) Lease with Annual Rent Increases
  • Growing Trade Area in the Austin MSA with 77,568 Residents in a Five-Mile Radius
  • Georgetown is the Fastest-Growing City in the U.S. Among Cities with 50,000+ Residents, According to U.S. Census Data
  • The Site Features a Fenced Turf Yard, Indoor Pool, On-Site Veterinary Care, Grooming Facility, Climate-Controlled Indoor/Outdoor Suites, and More
  • Situated Immediately Off the I-35 Freeway (97,700 Cars per Day), Providing a Direct Route 28 Miles South to Downtown Austin
  • Average Household Income Exceeds $123,000 within Five Miles of the Site
  • Shadow Anchored by Walmart and The Home Depot and Located Down the Road from Wolf Ranch Town Center
  • Adjacent to The Summit at Rivery Park, Texas' First High-End, Mixed-Use Development Set on 32 Acres, Anchored by the Four-Star Sheraton Austin Georgetown Hotel and Conference Center, and Including Office Space, Restaurants, Retail, and Multifamily

Investment Overview

Pet Paradise is a full service veterinary clinic and resort for pets, offering dog and cat boarding, grooming, day camp, and training. Headquartered in Jacksonville, Florida and founded in 2002, Pet Paradise will have nearly 60 locations in 11 states by the end of 2023. Located 30 miles north of Austin, Georgetown is a growing suburb home to more than 86,500 residents. In 2023, Georgetown was named as the fastest-growing city in the U.S. for cities with a population above 50,000, according to data released by the U.S. Census Bureau.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

MM Texture Background
MM Textured Background Lower