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