PetSuites Portfolio
PetSuites Portfolio
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Highlights
• Five purpose-built PetSuites facilities positioned across major Ohio and Michigan markets.
• Approximately 54,500 SF of purpose-built pet care real estate across Ohio and Michigan.
• PetSuites leases are guaranteed by National Veterinary Associates, providing institutional credit support across the portfolio.
• Five assets collectively generate approximately $1.57 million in annual net operating income.
• Strategically located across the Cleveland, Cincinnati, Columbus, and Detroit metropolitan areas.
• Portfolio properties were constructed between 2023 and 2025, providing investors with modern facilities and limited near-term capital needs.
• Specialized pet care facilities designed to support boarding, daycare, grooming, and related services.
• Contractual 10% rent increases every five years provide built-in income growth throughout the lease term.
• Tenant is responsible for roof and structure which reduces landlord obligations.
• Each property includes five additional five-year renewal options, providing significant long-term tenancy optionality.
• Long-term NNN leases provide durable tenancy and extended contractual income across all five properties.
• Extended remaining lease terms, contractual rent increases, and renewal options provide investors with a predictable long-term income profile.