Single-Tenant Office Medical
Pet Paradise - Charlotte
9873 Harrisburg Rd, Indian Land, SC 29707
Listing Price: $5,508,331
Investment Overview
We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant full service pet resort and veterinary clinic containing Pet Paradise (the “Property” or “Asset”) located in Indian Land, South Carolina. Pet Paradise is a leader in pet industry, with interests in multiple business lines, including grooming, boarding and vet services. This location houses one of its larger facilities, and features a long term lease with an absolute triple net structure, with up to 2.0% increases annually over the term. The Property is positioned right off of the US-521 and is across the street from a 600k+ square foot office development. Charlotte has consistently been one of the fastest growing markets in the United States. This offering presents the rare opportunity to acquire a stabilized veterinary asset with a completely passive ownership structure for almost 20 years and outstanding security in the value of the underlying real estate.
Pet Paradise - Charlotte
Investment Highlights
- The Asset is subject to an ideal absolute triple-net lease with just under 20 years remaining and up to 2.0% annual increases.
- Strategic suburban location, with almost 27% of household entertainment spending allotted towards pets and other related hobbies.
- The Asset is well located in a growing suburban Charlotte area and has limited full service competition within the immediate trade area.
- The Asset is mission critical to the tenant's business, and offers essential services like veterinary services.
- The Greater Charlotte Metropolitan Area is one of the fastest growing markets in the country.
- Affluent area with a median income well over $100,000.
- The surrounding area continues to see substantial residential and commercial expansion. Within a three mile radius, there is over 5.2 million SF of office, industrial, and retail space with only a 5% vacancy factor. 1.2 million SF has been developed in the past four years.
- Brand new construction (2019 build).
Exclusively Listed By
Broker of Record
Single-Tenant Office Medical
Pet Paradise - Charlotte
Listing Price: $5,508,331
Investment Highlights
- The Asset is subject to an ideal absolute triple-net lease with just under 20 years remaining and up to 2.0% annual increases.
- Strategic suburban location, with almost 27% of household entertainment spending allotted towards pets and other related hobbies.
- The Asset is well located in a growing suburban Charlotte area and has limited full service competition within the immediate trade area.
- The Asset is mission critical to the tenant's business, and offers essential services like veterinary services.
- The Greater Charlotte Metropolitan Area is one of the fastest growing markets in the country.
- Affluent area with a median income well over $100,000.
- The surrounding area continues to see substantial residential and commercial expansion. Within a three mile radius, there is over 5.2 million SF of office, industrial, and retail space with only a 5% vacancy factor. 1.2 million SF has been developed in the past four years.
- Brand new construction (2019 build).
Investment Overview
We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant full service pet resort and veterinary clinic containing Pet Paradise (the “Property” or “Asset”) located in Indian Land, South Carolina. Pet Paradise is a leader in pet industry, with interests in multiple business lines, including grooming, boarding and vet services. This location houses one of its larger facilities, and features a long term lease with an absolute triple net structure, with up to 2.0% increases annually over the term. The Property is positioned right off of the US-521 and is across the street from a 600k+ square foot office development. Charlotte has consistently been one of the fastest growing markets in the United States. This offering presents the rare opportunity to acquire a stabilized veterinary asset with a completely passive ownership structure for almost 20 years and outstanding security in the value of the underlying real estate.
Exclusively Listed By
Broker of Record
