Advantage Storage - Lubbock
314 North Utica Avenue, Lubbock, TX, 79416, US
7 979 mètres carrés
Descriptif
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in the single-tenant Pet Paradise (“Company” or “Tenant”) property located at 22811 US-281 in San Antonio, TX. The Tenant is operating an on absolute NNN lease with zero landlord responsibilities and ±15.7-years of remaining lease term.
Pet Paradise, headquartered in Jacksonville, FL, is a leading provider of comprehensive pet care services, operating over 60 resort-style locations across 10 states. With a 22.8% revenue CAGR since its 2016 acquisition by Crane Group, the Company has demonstrated scalability and resilience in the growing pet care industry.
This rare opportunity allows investors the ability to acquire a passive income stream from a nationally-recognized tenant in a recession-resistant industry at an unbelievable location adjacent to some of the highest performing retail shopping centers in the United States.
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Attributs
Prix demandé
9 409 000 $
Taux de capitalisation
6,9 %
RNI
640 000 $
WAULT
15.7 années
Superficie du bâtiment nette
1 411 mètres carrés
Année de construction
2021
Média
Points forts de l'investissement
- Pet Paradise has expanded to 60+ locations and experienced ±23% annual revenue growth since 2016
- Long-term, ±15.7-year Absolute NNN lease structure
- Located in San Antonio MSA, the 2nd fastest-growing city in the country
- Adjacent to The Village at Stone Oak, a top 4% shopping center in the country, with 5M annual visitors
- Along the $170M US-281 expansion project, which has driven surrounding retail sales up ~10%
- Average household income of $153K within a 3-mile radius
- 70K+ vehicles per day along the recently-expanded US-281
- Next door to a 338-unit apartment complex and 30K SF of new retail strip product
Contactez les courtiers
Pet Paradise - San Antonio, TX (0 Propriétés)
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Dernière mise à jour
20 août 2025
