Wag’n Tails Sale Leaseback Portfolio

5 Properties in Granger, Indiana
Deal Type:
Sale Leaseback
Price:
$8,759,117
Cap Rate:
6.85%
Current Rent:
$600,000
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-year
Building Sq. Ft.:
64,735 SF
Rent Increases:
2.00% Annual
Site Size:
8.21 Acres
  • sale leaseback stream capital partners
  • sale leaseback stream capital partners
  • sale leaseback stream capital partners

Investment Highlights

  • Long-term (15-year) absolute triple net lease with 2% annual rent increases
  • Strong tenant financials with significant revenue growth
  • The tenant is the leading provider of mobile pet grooming and mobile veterinary equipment solutions with a long-term operating history of 25+ years
  • The tenant has been committed to Granger, Indiana for 22 years and is in the midst of a 22,735 SF expansion
  • Excellent quality real estate with over 60% of the Portfolio square footage newly constructed within the last 4 years
  • Significant growth potential and industry tailwinds

Listing Agents

Krupa Shah

Managing Director
646 734 4188
Krupa@stream-cp.com

Jeff Lizzo

Senior Vice President
630 222 8409
Jeff@stream-cp.com
Daniel Macks STREAM Capital Partners

Daniel Macks

Vice President
847 420 2116
Dmacks@stream-cp.com

In Association with Scott Reid & ParaSell, Inc. | A Licensed Indiana Broker #RC51900187

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