PetSuites of Birmingham
2311 John Hawkins Pkwy, Birmingham, Alabama, USA Map
New Construction Corp Guaranty by NVA (1,000 Unit Veterinary Hospital Operator), JAB Holdings Subsidiary
Listing Price $5,073,770
| Status | Closed |
| Lease Type | Absolute Net |
| Property Type | Net Lease |
| GLA (Sq. Ft.) | 14,240 |
| NOI | $309,500 |
| Lease Term Remaining | 20 Years |
| Increases | CPI Increases Every 5 Years |
| Options | Five, 5-Year Options |
| State (BOR) | AL |
| Broker of Record | Eddie Greenhalgh |
| License # (BOR) | Lic.#00008-8298 |
Investment Highlights
- No Landlord Responsibilities – Absolute NNN Lease
- Subject is Currently Under Construction, Proposed to be 14,240-Square-Feet of Gross Leasable Area on a 1.95-Acre Lot, with Rent Commencement Projected December 2020
- Tenant PetSuites of America is Owned by National Veterinary Associates, Inc., NVA Was Purchased in 2019 by JAB Holding Co.
- Recession & E-Commerce Resistant Tenant
Investment Overview
Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% interest in new, build-to-suit, PetSuites absolute net lease investment located at 2311 John Hawkins Parkway, Hoover, Alabama 35244 (the “Property”). Built in 2020, and expected to deliver by December, the Property comprises a +/- 14,240 SF building on a highly visible +/- 1.95-acre parcel, that is strategically positioned to be easy to access for 37,000 vehicles per day at John Hawkins Parkway, surrounded by residential and commercial development.
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