Alliance Animal Health
NNN Pro Group is pleased to present the exclusive listing for the Alliance Animal Health located at 881 Metroplex Drive in Springdale, Arkansas. The site consists of roughly 18,000 rentable square feet of building space on estimated 2.85-acre parcel of land. This Alliance Animal Health Hospital is subject to a 20-year absolute triple-net (NNN) lease, which will commence in May 2023. The annual rent will be $851,591 and is scheduled to increase by 2.0% annually starting in year 7 and in each of the 4, 5-year renewal options.
About the Investment:
✓ Brand New Development | Estimated Opening May 2023
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Pet Care is a Recession Proof Industry | Consumers Spend More on Pets Year Over Year for Almost Three Decades | Data from the American Pet Products Association show that the total amount spent on pets by Americans has grown from $17 billion in 1994 to an estimated $123 billion in 2021.
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