Skip to main content

Miscellaneous

Corp. PetSuites (NVA Holdings - 1,500+ Unit Guarantor) | Minneapolis MSA | Long-Term Abs. Net Lease

815 US-169, Plymouth (Minneapolis MSA), MN 55441

Listing Price: $4,890,880

Cap Rate
6.25%
Tenant Name
PetSuites
Years Remaining On Lease
18.9
Gross SF
15,079
Guarantor
Corporate Guarantee
Rentable SF
15,079
Price/Gross SF
$324.35
Lease Type
Absolute Net
Rent Per Square Feet
$20.27

Investment Overview

Plymouth is a city in Hennepin County in the U.S. state of Minnesota. A suburb in the Minneapolis–Saint Paul metropolitan area, the city is about 10 miles west of downtown Minneapolis. The population was 81,026 at the 2020 census, making it Minnesota’s 7th-largest city. Minneapolis–Saint Paul is a metropolitan area in the Upper Midwestern United States centered around the confluence of the Mississippi, Minnesota and St. Croix rivers in the U.S. state of Minnesota. It is commonly known as the Twin Cities after the area’s two largest cities, Minneapolis and Saint Paul. The area is Minnesota’s economic, cultural, and political center. It is the 16th-largest metropolitan statistical area in the U.S. and third-largest metropolitan area in the Midwest, with a population of 3,690,261 at the 2020 census. The larger 21-county Minneapolis–St. Paul MN–WI Combined Statistical Area, the nation’s 16th-largest combined statistical area, had a population of 4,078,788 at the 2020 census. The Minneapolis–Saint Paul area is home to 24 Fortune 1000 headquarters. The Twin Cities’ economy is the nation’s 13th-largest and ranks second in the Midwest after Chicago. The Minneapolis–Saint Paul area is also North America’s second-largest medical device manufacturing center and the fourth-largest U.S. banking center, based on total assets of banks headquartered in the area, after New York, San Francisco, and Charlotte.

Investment Highlights

  • 18+ Year Corporate Backed (NVA Holdings) Absolute Net Lease Featuring 10% Rental Increases throughout the Initial Term and Options. 2023 Complete Interior and Exterior Renovation.
  • Positioned Along Area's Major Office & Traffic Corridor: Features Easy Access & Excellent Visibility. Immediate Access to/from Highway-169 (93k+ VPD) and Highway-55 (43k+ VPD).
  • The Nation's Pet Market Grew 11% in 2023 to $1.36 Billion, mainly due to an Increase in the Number of Pet Owners and Increased Spending on Animals and Pets.
  • Strong Guarantee - Lease is backed by National Veterinary Associates (NVA), which was purchased by JAB Holding, Co. It is Majority-owned by the Reimann Family, one of the Wealthiest in the World and estimated to have a Net Worth of $20 Billion, according to Forbes.
  • The National Veterinary Associates (NVA) is One of the Largest Veterinary and Pet Care Service Providers in the World with 1,500+ Vet Clinics, Animal Hospitals, and Pet Resorts and $6 Billion in Revenue.
  • Strong Daytime Employment Area - Near Numerous Established Business Parks, Medical and Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.
  • Walking Distance to Waterford Park Plaza - a 127k Sq.Ft. Shopping Center Anchored by Cub Foods. About 2 Miles From the Ridgedale Center - a 1.1M Sq.Ft. Shopping Mall Anchored by Nordstrom, Macy's, Dick's, and JcPenney. Densely Populated and Affluent Area: Features an Average Household Income of $145k+ within a 1-Mile Radius and more than 241k People Residing within a 5-Mile Radius.
  • Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success. Healthcare and Veterinary Related Real Estate has been the Least Affected by Economic Recession.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Financing By

Miscellaneous

Corp. PetSuites (NVA Holdings - 1,500+ Unit Guarantor) | Minneapolis MSA | Long-Term Abs. Net Lease

Listing Price: $4,890,880

Cap Rate
6.25%
Tenant Name
PetSuites
Years Remaining On Lease
18.9
Gross SF
15,079
Guarantor
Corporate Guarantee
Rentable SF
15,079
Price/Gross SF
$324.35
Lease Type
Absolute Net
Rent Per Square Feet
$20.27

Investment Highlights

  • 18+ Year Corporate Backed (NVA Holdings) Absolute Net Lease Featuring 10% Rental Increases throughout the Initial Term and Options. 2023 Complete Interior and Exterior Renovation.
  • Positioned Along Area's Major Office & Traffic Corridor: Features Easy Access & Excellent Visibility. Immediate Access to/from Highway-169 (93k+ VPD) and Highway-55 (43k+ VPD).
  • The Nation's Pet Market Grew 11% in 2023 to $1.36 Billion, mainly due to an Increase in the Number of Pet Owners and Increased Spending on Animals and Pets.
  • Strong Guarantee - Lease is backed by National Veterinary Associates (NVA), which was purchased by JAB Holding, Co. It is Majority-owned by the Reimann Family, one of the Wealthiest in the World and estimated to have a Net Worth of $20 Billion, according to Forbes.
  • The National Veterinary Associates (NVA) is One of the Largest Veterinary and Pet Care Service Providers in the World with 1,500+ Vet Clinics, Animal Hospitals, and Pet Resorts and $6 Billion in Revenue.
  • Strong Daytime Employment Area - Near Numerous Established Business Parks, Medical and Regional Office Spaces, Distribution Centers, Industrial and Manufacturing Plants. Large Base of Employees within Walking Distance or a Short Drive.
  • Walking Distance to Waterford Park Plaza - a 127k Sq.Ft. Shopping Center Anchored by Cub Foods. About 2 Miles From the Ridgedale Center - a 1.1M Sq.Ft. Shopping Mall Anchored by Nordstrom, Macy's, Dick's, and JcPenney. Densely Populated and Affluent Area: Features an Average Household Income of $145k+ within a 1-Mile Radius and more than 241k People Residing within a 5-Mile Radius.
  • Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success. Healthcare and Veterinary Related Real Estate has been the Least Affected by Economic Recession.

Investment Overview

Plymouth is a city in Hennepin County in the U.S. state of Minnesota. A suburb in the Minneapolis–Saint Paul metropolitan area, the city is about 10 miles west of downtown Minneapolis. The population was 81,026 at the 2020 census, making it Minnesota’s 7th-largest city. Minneapolis–Saint Paul is a metropolitan area in the Upper Midwestern United States centered around the confluence of the Mississippi, Minnesota and St. Croix rivers in the U.S. state of Minnesota. It is commonly known as the Twin Cities after the area’s two largest cities, Minneapolis and Saint Paul. The area is Minnesota’s economic, cultural, and political center. It is the 16th-largest metropolitan statistical area in the U.S. and third-largest metropolitan area in the Midwest, with a population of 3,690,261 at the 2020 census. The larger 21-county Minneapolis–St. Paul MN–WI Combined Statistical Area, the nation’s 16th-largest combined statistical area, had a population of 4,078,788 at the 2020 census. The Minneapolis–Saint Paul area is home to 24 Fortune 1000 headquarters. The Twin Cities’ economy is the nation’s 13th-largest and ranks second in the Midwest after Chicago. The Minneapolis–Saint Paul area is also North America’s second-largest medical device manufacturing center and the fourth-largest U.S. banking center, based on total assets of banks headquartered in the area, after New York, San Francisco, and Charlotte.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

Financing By

MM Texture Background
MM Textured Background Lower