National Veterinary Clinic | Prior Lake, MN

For Sale

National Veterinary Clinic | Prior Lake, MN

Asking Price: $1,660,000 | Cap Rate: 6.65%

• Net Operating Income: $110,700
• Weighted Avg. Lease Term (WALT): 18.8 Years
• Lease Type: Absolute Net

Property Highlights

• Leased to an essential business, Destination Pet with new 20-year lease. Tenant never missed a rent payment during the pandemic in 2020
• Absolute Net Lease with zero landlord responsibilities
• Destination Pet is backed by a private equity fund from the United Kingdom with over $350M in committed capital
• Destination Pet has over 80 open and operating locations and targets 20 acquisitions / new locations per year showing continuous growth