Rogue Valley Mall - Sale
1600 N Riverside Ave, Medford, OR, 97501-4652, US
644,332 sf
Portfolio description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the National Heartland Veterinary Partners Portfolio, which is a unique opportunity to acquire a 23-asset collection of single-tenant net lease properties (the “Properties” or “Portfolio”), fully leased to Heartland Veterinary Partners (the “Tenant”). Comprising over 125,592 square feet located across Florida, Georgia, Illinois, Indiana, Louisiana, Minnesota, Missouri, North Carolina, Tennessee, Texas, and Wisconsin, the Portfolio contains $2,268,593 of net operating income with just under ten (10) years of weighted average remaining net lease term.
The Portfolio is geographically diversified, with locations in the Sunbelt, Mid-Atlantic, and Midwest, within and adjacent to nationally top-ranked shopping centers (per Placer.ai).
This opportunity offers investors a net lease portfolio of scale with an annually-escalating rental stream backed by a corporate-guaranty from a market leading operator.
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Attributes
Building area gross
125,592 sf
Occupancy
100%
Year built
1999
Land area gross
1,801,206 sf
Units
23
WAULT
9.3 years
HVP Net Lease Portfolio (22 Properties)
HVP Net Lease Portfolio (22 Properties)
Media
Investment highlights
- Geographically diverse portfolio comprising 23 assets spanning 11 states
- +/- 2.0% annual equivalent rental escalations across the portfolio
- 44% of the Properties have been built of renovated after 2021
- $84,150 5-mile average household income across the portfolio
- 300+ unit operator planning to add 30 - 45 locations annually over next 5 years
Contact brokers
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Mar 19, 2025
