FW: Just Listed | Destination Pet | Long-Term Animal Boarding Facility

 

 

From: Andrew Evans <andrew.evans@matthews.com>
Sent: Monday, January 22, 2024 7:33 AM
To: mcre13@gmail.com
Subject: Just Listed | Destination Pet | Long-Term Animal Boarding Facility

 

Henry,


We just listed a pet resort and spa operated by Destination Pet, in Norwich, CT that I wanted to make sure you had the opportunity to review. The lease has just over 9 years remaining with 3% annual increases and four (4), five (5) year options to extend. Destination Pet is a leading provider of pet resort services with more than 1,200+ employees and 120+ locations. This is an ideal investment for a local or national investor looking to acquire a stable, low management, and long-term investment in the southeastern Connecticut area. Please see a breakdown of the opportunity below:

 

Address: 763 Scotland Rd. Norwich, CT 06360

Price: $2,096,552

Cap Rate: 7.25%

NOI: $152,000

Lease Term Remaining: ±9 Years 

 

Click here to view the Offering Memorandum. Please reach out directly to let me know if you have any interest.

 

 

 

Andrew Evans

Vice President & Associate Director | Matthews Real Estate Investment Services™

Direct +1 949 662 2256 | Mobile +1 925 360 0277

Main +1 866 889 0550 | Fax +1 310 388 0788

andrew.evans@matthews.com

License No.02055475 (CA)

 

 

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