8320 Copper Creek Ln, Missouri City, TX 77459
Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% interest in new, build-to-suit, PetSuites absolute net lease investment located at 8320 Copper Creek Lane, Missouri City, Texas 77459 (the “Property”). Built in 2019, and delivered July 2019, the Property comprises a +/- 14,240 SF building on a highly visible +/- 1.70-acre parcel, that is strategically positioned to be easy to access for 56,000 vehicles per day at Highway 6, surrounded by residential and commercial development. The Property benefits from its highly relevant location with easy accessibility, and convenient retail location in a strong commercial area. Fort Bend County has a thriving corporate community with many Fortune 500 Companies and small businesses taking advantage of the county’s pro-business environment, fiscal strength, and educated workforce. The offering benefits from strong demographics with a population of 62,762 people and an average household income of $162,336 within three miles. The building is 100 percent occupied by PetSuites with over 70+ national locations, owned by National Veterinary Associates, Inc, an entity with over 500 locations, and owned by JAB Holdings Co. The lease will start once the tenant opens, expected December 2020, subject to a 20-year lease term and CPI rental increases every five years and in the five, five year options. PetSuites of America, a growing national pet resort, spa, and daycare chain, specializes in the boarding and grooming of dogs and cats. They currently have 70 locations in the United States, which include sites in Florida, Georgia, Indiana, Kentucky, Louisiana, North Carolina, Ohio, South Carolina, Texas, and Virginia. PetSuites has spent over 15 years developing and perfecting an enriching and healthy environment for beloved family pets. In June 2019 JAB Holding Co. agreed to buy a majority stake in NVA. JAB Holding Co. is owned by the Reimann family, one of the wealthiest in the world, according to Forbes. The company has a controlling interest in several companies such as Panera Bread, Krispy Kreme, Caribou Coffee, Dr. Pepper, Snapple, and many others.
License(s): TX: 9002994
Texas
Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% interest in new, build-to-suit, PetSuites absolute net lease investment located at 8320 Copper Creek Lane, Missouri City, Texas 77459 (the “Property”). Built in 2019, and delivered July 2019, the Property comprises a +/- 14,240 SF building on a highly visible +/- 1.70-acre parcel, that is strategically positioned to be easy to access for 56,000 vehicles per day at Highway 6, surrounded by residential and commercial development. The Property benefits from its highly relevant location with easy accessibility, and convenient retail location in a strong commercial area. Fort Bend County has a thriving corporate community with many Fortune 500 Companies and small businesses taking advantage of the county’s pro-business environment, fiscal strength, and educated workforce. The offering benefits from strong demographics with a population of 62,762 people and an average household income of $162,336 within three miles. The building is 100 percent occupied by PetSuites with over 70+ national locations, owned by National Veterinary Associates, Inc, an entity with over 500 locations, and owned by JAB Holdings Co. The lease will start once the tenant opens, expected December 2020, subject to a 20-year lease term and CPI rental increases every five years and in the five, five year options. PetSuites of America, a growing national pet resort, spa, and daycare chain, specializes in the boarding and grooming of dogs and cats. They currently have 70 locations in the United States, which include sites in Florida, Georgia, Indiana, Kentucky, Louisiana, North Carolina, Ohio, South Carolina, Texas, and Virginia. PetSuites has spent over 15 years developing and perfecting an enriching and healthy environment for beloved family pets. In June 2019 JAB Holding Co. agreed to buy a majority stake in NVA. JAB Holding Co. is owned by the Reimann family, one of the wealthiest in the world, according to Forbes. The company has a controlling interest in several companies such as Panera Bread, Krispy Kreme, Caribou Coffee, Dr. Pepper, Snapple, and many others.
License(s): TX: 9002994
Texas
