Fast Pace Health - Bristol, TN
1231 Volunteer Parkway, Bristol, TN, 37620, US
CA$4,661,000 | 334 sm
Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the newly renovated, single-tenant NVA Massanutten Animal Clinic located at 29 Titus Drive in Penn Laird, Virginia ("Property“, "Asset“, or “Massanutten Animal Clinic”). The Property is operating on a recently commenced NNN lease with ±11.8 years of term remaining, 2.0% annual rent increases, and three, five-year renewal options, and benefits from a corporate guaranty from National Veterinary Associates and a $2,500,000 Tenant investment in the facility.
This unique opportunity allows investors to acquire a recently commenced, corporate-guaranteed veterinary hospital with fixed 2.0% annual escalations in Penn Laird’s primary retail corridor
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Attributes
Asking price
CA$5,810,000
Cap rate
6%
NOI
CA$349,000
Lease type
Net lease (N/NN/NNN)
Remaining lease term
11.8 years
Building area gross
821 sm
Year built
2008
Year renovated
2026
Land area gross
0.4 ha
Media
Investment highlights
- 2026 Retrofit Relocation Veterinary Clinic
- ±11.8 years of primary term remaining
- Fixed 2% annual rent escalations (including options)
- $2.5M tenant investment in the Facility, representing ~45% of the project budget
- Corporate Guarantee by a leading Veterinary Operator (1,300+ locations)
- +55% Population Growth from 2010-2026 within a 1-mile Radius
- Clinic YTD Revenue Growth of +19.0% (Jan-Aug 2026)
- Excellent frontage along US Route 33 with exposure to 42,000+ vehicles per day (VPD)
- Pet owners represent 48% of households within a 5-mile radius of 66,791 residents
Contact brokers
NVA Massanutten Animal Clinic - Penn Laird, Virginia (0 Properties)
