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INVESTMENT HIGHLIGHTS
Investment Grade Tenant - The lease is guaranteed by Mars, Inc. and is rated A1 by Moody’s. In 2017, Mars, Inc took VCA private in a transaction valued at $9.1B
$2 Million Tenant Investment - In 2017, VCA invested over $2 million in renovations, showing their long-term commitment to the site.
Recent Lease Renewal - VCA recently exercised their second of five, five year renewal options, extending their lease through 2030.
VCA'S Long Operating History - VCA Animal Hospital has occupied the space for over 20 years, showing their long-term commitment to the site.
Strong Demographics - The subject property is surrounded by a population of 301,370 within a 5-mile radius, an average household income of approximately $179,419 within a 3-mile radius.
Nassau County -The property is located on Long Island, less than 30 miles from New York City, one of the most in demand and desirable markets.
Limited Landlord Responsibilities - NN leases are especially attractive for those seeking management-free investment opportunities. This lease features limited landlord responsibilities, creating a passive armchair investment for a cash-flow driven investor. The landlord is only responsible for roof and structure.
