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Single-Tenant Office Medical

NVA Animal Hospital - STNL Healthcare

333 W Cool Dr., Tucson, AZ 85704

Listing Price: $1,923,000

Tenant Name
National Veterinary Associates (NVA)
Years Remaining On Lease
4.7
Guarantor
Subsidiary of a Corporation
Rentable SF
2,250
Lease Type
Double Net
Rent Per Square Feet
$43.86

Investment Overview

Marcus & Millichap is pleased to present the sahuaro vista veterinary clinic, located in Tucson Arizona. The single tenant animal hospital is 100 percent leased to the world’s largest veterinary service provider, national veterinary associates (NVA). NVA has practiced in Tucson since 2002, and currently has 5.1 years remaining on the lease with two, five-year renewal options. Since COVID-19, studies show over 23 million American households have pets. Veterinary practices were deemed essential through the pandemic and continue to grow as safe and secure investments. NVA was founded in 1996 and currently have over 1,500+ veterinary locations across the world “U.S., Canada, Australia, New Zealand and Singapore). NVA is majority owned by private equity firm job holding company, who has 199 years of investing experience and over $50 billion assets under management. Four practicing veterinarians provide a wide range of veterinary medicine services covering general wellness, diagnostic services, surgical services, specialty health services, reproduction services, holistic/therapy services, end of life care and more. NVA has leased this facility for twenty-four years, since 2002 and the sahuaro vista veterinary clinic was NVA’s 35th acquisition. The veterinary clinic is strategically located in the booming city of Tucson and sits amongst a major retail trade area. North Oracle Road provides top of the line visibility with over 44,000 vehicles traveling per day.

Investment Highlights

  • Tenant "NVA" Is the World's Largest Veterinary Service Provider with Over 1,500 Locations Across Five Countries
  • Historical Occupancy: NVA Has Leased Since 2002 and Currently Have 5.1 Years of Term Remaining with Two, Five Year Renewal Options
  • Lease Features 2 Percent Annual Rent Increases and a 3 Percent Bonus if Tenant Surpasses $800,000 in Revenue per Year
  • Cell Tower on Parcel Offers New Landlord Additional Returns or the Ability to Resell for Profit

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Single-Tenant Office Medical

NVA Animal Hospital - STNL Healthcare

Listing Price: $1,923,000

Tenant Name
National Veterinary Associates (NVA)
Years Remaining On Lease
4.7
Guarantor
Subsidiary of a Corporation
Rentable SF
2,250
Lease Type
Double Net
Rent Per Square Feet
$43.86

Investment Highlights

  • Tenant "NVA" Is the World's Largest Veterinary Service Provider with Over 1,500 Locations Across Five Countries
  • Historical Occupancy: NVA Has Leased Since 2002 and Currently Have 5.1 Years of Term Remaining with Two, Five Year Renewal Options
  • Lease Features 2 Percent Annual Rent Increases and a 3 Percent Bonus if Tenant Surpasses $800,000 in Revenue per Year
  • Cell Tower on Parcel Offers New Landlord Additional Returns or the Ability to Resell for Profit

Investment Overview

Marcus & Millichap is pleased to present the sahuaro vista veterinary clinic, located in Tucson Arizona. The single tenant animal hospital is 100 percent leased to the world’s largest veterinary service provider, national veterinary associates (NVA). NVA has practiced in Tucson since 2002, and currently has 5.1 years remaining on the lease with two, five-year renewal options. Since COVID-19, studies show over 23 million American households have pets. Veterinary practices were deemed essential through the pandemic and continue to grow as safe and secure investments. NVA was founded in 1996 and currently have over 1,500+ veterinary locations across the world “U.S., Canada, Australia, New Zealand and Singapore). NVA is majority owned by private equity firm job holding company, who has 199 years of investing experience and over $50 billion assets under management. Four practicing veterinarians provide a wide range of veterinary medicine services covering general wellness, diagnostic services, surgical services, specialty health services, reproduction services, holistic/therapy services, end of life care and more. NVA has leased this facility for twenty-four years, since 2002 and the sahuaro vista veterinary clinic was NVA’s 35th acquisition. The veterinary clinic is strategically located in the booming city of Tucson and sits amongst a major retail trade area. North Oracle Road provides top of the line visibility with over 44,000 vehicles traveling per day.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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