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Single-Tenant Office Medical

National Veterinary Associates Clinic - 1,500+ Sites | Recent Lease Extension | Affluent Tucson Area

333 W Cool Dr., Tucson, AZ 85704

Listing Price: $1,850,000

Cap Rate
6.32%
Tenant Name
National Veterinary Associates
Years Remaining On Lease
10.2
Gross SF
2,520
Guarantor
Corporate Guarantee
Rentable SF
2,520
Price/Gross SF
$734.13
Lease Type
Double Net
Rent Per Square Feet
$46.43

Investment Overview

Northwest Tucson is one of the metro area’s most stable and economically vibrant submarkets, offering a compelling mix of strong demographics, healthcare infrastructure, and continued residential and commercial growth. Located along the Oracle Road (State Route 77) corridor, the area benefits from excellent north-south connectivity and is anchored by a diverse base of medical, retail, and service-oriented businesses.

The surrounding community boasts a dense residential population, with over 130,000 residents within a five-mile radius. Average household incomes in this region exceed both state and national averages, reflecting the area’s appeal to working professionals, retirees, and families alike. Continued in-migration to Tucson—particularly from California, Colorado, and other high-cost states—has further fueled demand for quality housing, medical services, and consumer amenities in this part of the city.

Northwest Tucson is home to numerous major employers, including Northwest Medical Center, a 300+ bed regional hospital less than a mile away that serves as a major healthcare and employment hub. The area also features a concentration of medical and dental offices, pharmacies, and rehabilitation centers, forming a mature and growing medical services district.

Nearby retail destinations include national anchors such as Walmart, Target, Sprouts, and PetSmart, providing consistent daily traffic and convenient access to goods and services. In addition to a robust retail offering, the area includes several schools, multifamily communities, and community centers that create strong weekday and weekend traffic flows.

Situated near the base of the scenic Catalina Foothills, Northwest Tucson also offers high quality of life with access to parks, trails, and outdoor recreation, making it a desirable area for both residents and professionals. Ongoing infrastructure investments and a pro-growth business environment further support long-term economic and real estate stability.

Investment Highlights

  • Corporate Backed Lease Featuring 2% Annual Rental Increases Throughout the Initial Term and Options. 23+ Year Historical Occupancy with Multiple Lease Extensions.
  • High Traffic Arterial Access via Oracle Road – Positioned Just Off Oracle Road (State Route 77), a Major Arterial with Over 42k VPD, providing Excellent Signage Exposure and Convenient Access.
  • Located w/in one of the Region's most Established and Economically Vibrant Commercial and Healthcare Corridors.
  • 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.
  • Established Medical-Veterinary Corridor – Surrounded by Dozens of Medical and Professional Service Providers including Dental, Dermatology, and Urgent Care Centers – Creating Strong Synergy for Cross-Referrals and Pet Owner Convenience.
  • Located in a Densely Populated and High-Income Trade Area – with an Average Household Income Exceeding $109k within a 3-Mile Radius, and more than 139k People Residing within a 5-Mile Radius.
  • Surrounded by Multifamily and Residential Growth – Adjacent to Numerous Apartment Complexes, Townhomes, and Single-Family Communities in Development or Expansion – Ensuring a Consistent Influx of Pet-Owning Households.
  • Strong Veterinary Market Fundamentals – Pet Ownership in the U.S. Continues to Grow, with Arizona Ranked Among the Top 10 States for Pet Ownership – providing Long-Term Demand Tailwinds for Animal Health Facilities. 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

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Single-Tenant Office Medical

National Veterinary Associates Clinic - 1,500+ Sites | Recent Lease Extension | Affluent Tucson Area

Listing Price: $1,850,000

Cap Rate
6.32%
Tenant Name
National Veterinary Associates
Years Remaining On Lease
10.2
Gross SF
2,520
Guarantor
Corporate Guarantee
Rentable SF
2,520
Price/Gross SF
$734.13
Lease Type
Double Net
Rent Per Square Feet
$46.43

Investment Highlights

  • Corporate Backed Lease Featuring 2% Annual Rental Increases Throughout the Initial Term and Options. 23+ Year Historical Occupancy with Multiple Lease Extensions.
  • High Traffic Arterial Access via Oracle Road – Positioned Just Off Oracle Road (State Route 77), a Major Arterial with Over 42k VPD, providing Excellent Signage Exposure and Convenient Access.
  • Located w/in one of the Region's most Established and Economically Vibrant Commercial and Healthcare Corridors.
  • 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.
  • Established Medical-Veterinary Corridor – Surrounded by Dozens of Medical and Professional Service Providers including Dental, Dermatology, and Urgent Care Centers – Creating Strong Synergy for Cross-Referrals and Pet Owner Convenience.
  • Located in a Densely Populated and High-Income Trade Area – with an Average Household Income Exceeding $109k within a 3-Mile Radius, and more than 139k People Residing within a 5-Mile Radius.
  • Surrounded by Multifamily and Residential Growth – Adjacent to Numerous Apartment Complexes, Townhomes, and Single-Family Communities in Development or Expansion – Ensuring a Consistent Influx of Pet-Owning Households.
  • Strong Veterinary Market Fundamentals – Pet Ownership in the U.S. Continues to Grow, with Arizona Ranked Among the Top 10 States for Pet Ownership – providing Long-Term Demand Tailwinds for Animal Health Facilities. 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

Northwest Tucson is one of the metro area’s most stable and economically vibrant submarkets, offering a compelling mix of strong demographics, healthcare infrastructure, and continued residential and commercial growth. Located along the Oracle Road (State Route 77) corridor, the area benefits from excellent north-south connectivity and is anchored by a diverse base of medical, retail, and service-oriented businesses. The surrounding community boasts a dense residential population, with over 130,000 residents within a five-mile radius. Average household incomes in this region exceed both state and national averages, reflecting the area’s appeal to working professionals, retirees, and families alike. Continued in-migration to Tucson—particularly from California, Colorado, and other high-cost states—has further fueled demand for quality housing, medical services, and consumer amenities in this part of the city. Northwest Tucson is home to numerous major employers, including Northwest Medical Center, a 300+ bed regional hospital less than a mile away that serves as a major healthcare and employment hub. The area also features a concentration of medical and dental offices, pharmacies, and rehabilitation centers, forming a mature and growing medical services district. Nearby retail destinations include national anchors such as Walmart, Target, Sprouts, and PetSmart, providing consistent daily traffic and convenient access to goods and services. In addition to a robust retail offering, the area includes several schools, multifamily communities, and community centers that create strong weekday and weekend traffic flows. Situated near the base of the scenic Catalina Foothills, Northwest Tucson also offers high quality of life with access to parks, trails, and outdoor recreation, making it a desirable area for both residents and professionals. Ongoing infrastructure investments and a pro-growth business environment further support long-term economic and real estate stability.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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