BluePearl Pet Hospital – Prime Core+ Investment Opportunity
Presenting BluePearl Pet Hospital, a premier STNL investment opportunity at 4706 W New Horizons Blvd, Appleton, WI 54914. This Core+ asset, located in a growing, high-demand market, provides immediate cash flow stability with substantial long-term upside potential and promising forward-looking assumptions.
Stable, Near-Term Cash Flow with High Growth:
- NNN lease with 4.5 years of remaining term
- Fixed 2.00% annual rent escalations and below-market rent
- Two (2) five-year renewal options at fair market rent
Institutional-Quality Tenant and Operations:
- BluePearl Pet Hospital (Mars-owned, S&P A+ rated parent company)
- Established presence with a strong financials
- Extensive referral network (240+ referring veterinarians across WI and northern MI)
- Experienced veterinary team (19 veterinarians on-site with an average tenure of 10-15 years)
- High caseload: 120-150 ER cases and 30+ surgical cases per week
Premier Class A Medical Facility in a High-Growth Market:
- State-of-the-art facility built by Boldt with significant reinvestment from tenant and landlord
- Strategic location with major roadway access and strong surrounding amenities
- Growing population and above-average median household income
- Only 24-hour specialty and emergency vet hospital in the region (next closest: 100+ miles away)
Significant Upside Potential and Value-Add Opportunities:
- Adaptable for any medical use
- Multiple end of lease value-add opportunities in 2029:
- Fair market renewal: Potential $190,500 NOI increase (option Year 1 NOI: $821,500)
- Blend and extend: New 10- to 15-year lease structure
Re-tenanting opportunity: Strong demand from 50+ major healthcare operators in Wisconsin