Listing Price $5,073,770
|Lease Type||Absolute Net|
|Property Type||Net Lease|
|GLA (Sq. Ft.)||14,240|
|Lease Term Remaining||20 Years|
|Increases||CPI Increases Every 5 Years|
|Options||Five, 5-Year Options|
|Broker of Record||Eddie Greenhalgh|
|License # (BOR)||Lic.#00008-8298|
- 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
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.