Applewood Pet Resort 6909 E Lincoln Dr 18,093 SF 100% Leased 5-Star Retail Building Paradise Valley, AZ 85253 $23,730,641 CAD ($1,311.59 CAD/SF)

Applewood Pet Resort is a landmark in Paradise Valley and the only legally operating pet resort within the town's borders. Located at 6909 E Lincoln Drive, this ±18,093 square foot dual-tenant property is situated on ±2.07 acres of high-profile frontage in one of the wealthiest zip codes in the country. It combines elite construction, irreplaceable zoning, and premium tenancy into a single trophy investment offering. The campus features two standalone buildings: ±14,408 SF custom-designed luxury pet resort, built to the highest operational and aesthetic standards. ±3,685 SF veterinary hospital, leased to Midwest Veterinary Partners under a NNN lease. The pet resort portion includes purpose-built amenities such as climate-controlled luxury suites (many with TVs), shaded outdoor play yards, a dog splash pool, grooming salons, and boutique retail. It has operated for over 30 years and is widely regarded as the premier pet hospitality destination in Arizona. As part of the sale, the business will execute a new long-term NNN lease, preserving cash flow and offering a true turnkey investment for the incoming real estate buyer. The veterinary hospital is operated by Midwest Veterinary Partners, a rapidly growing national veterinary group with private equity backing from Shore Capital Partners. MVP brings strong credit, corporate-level backing, and a long-term lease with renewal options through 2042. Zoning and entitlement further elevate this asset's value. The site is zoned SUP-O (Special Use Permit – Office/Commercial), one of the few commercial designations permitted in Paradise Valley. More importantly, Applewood operates under a grandfathered kennel use that predates the town’s incorporation, a status that is legally protected and virtually impossible to recreate. This unique zoning profile ensures long-term operational security and effectively eliminates local competition. Paradise Valley is known for its ultra-luxury homes, strict zoning codes, and exceptional demographic profile. Commercial land is extremely limited, and properties of this quality and entitlement are rarely brought to market. The surrounding area is among the most affluent in the state, with multimillion-dollar estates, luxury resorts, high-end retail, and some of the best demographics in the Phoenix metro. This offering is ideal for investors seeking durable income, long-term appreciation, and insulation from zoning volatility. It also presents future redevelopment or repositioning opportunities should the ownership strategy evolve. Applewood Pet Resort is not just a premium piece of real estate—it’s a legacy asset backed by brand equity, tenant stability, and location value that cannot be replicated.