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INVESTMENT HIGHLIGHTS
Corporate Guarantee - The PetSuites of Baton Rouge, LA lease is backed by a corporate guarantee from PetSuites' parent company, NVA Holdings, Inc.
June 2024 Rental Increase - The lease provides for a 12% rent escalations in June of 2024. This will increase the net operating income to $381,769.
2019 Construction - Built in 2019, the PetSuites of Baton Rouge, LA offers the tenant the security of minimal repair costs throughout the lease term.
Rent Escalations - In addition to the June 2024 rent increase of 12%, the lease provides for further rent increases every five (5) years at the rate of CPI increases (not to exceed 12% for each 5-year period).
Absolute NNN - This lease represents an absolute triple net lease investment, providing passive income and leaving zero landlord responsibilities for the property throughout the primary term and option periods.
Strong Demographics - The property is located in a desirable location with roughly 183,414 people living within a 5-mile radius earning average household incomes of approximately $112,499 per annum within a 3-mile radius.
Baton Rouge MSA - Baton Rouge has an estimated population of 227,715. The metropolitan area surrounding the city, known as Greater Baton Rouge, is also the second largest in Louisiana, with a population of 870,000 people as of 2020.
