NORTHWEST VETERINARY CLINIC OF STANWOOD 8500 Cedarhome Dr 4 357 pi² 100% Loué Commerce de détail Immeuble Stanwood, WA 98292 2 645 056 $ CAD (607,08 $ CAD/pi²) 8% Taux de capitalisation

•5 Year Renewal Option Just Exercised: The tenant has just exercised its 5-year renewal option, extending the lease term through December 31, 2031. This extension demonstrates the tenant’s long-term commitment to the location and confidence in the hospital’s continued success.
• AAHA-Accredited Facility: AAHA-Accredited Facility: The hospital is
accredited by the American Animal Hospital Association, underscoring its
exceptional standards of veterinary care and operational excellence.
• Established Tenant Commitment: Northwest Veterinary Clinic of Stanwood
is a long-standing and trusted practice in the community. PetVet’s ongoing
operational presence and medical investments demonstrate their confidence
in the site’s continued performance.
• Private Equity-Backed Strength: PetVet is owned by private equity giant KKR
(Kohlberg Kravis Roberts), one of the world’s most established investment
firms with over $500 billion in assets under management, ensuring financial
strength and long-term backing.
• NNN Lease Structure: The lease is NNN, creating a passive, management-free
investment structure. The tenant is responsible for all operating expenses
including taxes, insurance, and maintenance.
• Full-Service Veterinary Practice: The Stanwood clinic offers a wide range of
veterinary services including routine wellness exams, advanced diagnostics,
surgical procedures, and dental care. The facility serves as a trusted provider
for families and pet owners throughout the Stanwood and Camano
Island area.
• Built-In Rent Growth: Lease features 2% annual rental increases, providing a
reliable inflation hedge and enhancing long-term yield for investors.
• High Occupancy Stability: The site has maintained long-term veterinary
tenancy, underscoring the stickiness of the asset and its essential use case