Banfield Pet Hospital - 10 Year NNN
Excellent tenant in a strong trade area.
Marketing description
This brand-new, build-to-suit Banfield Pet Hospital offers investors a highly secure, passive NNN opportunity backed by Medical Management International, Inc., a subsidiary of Mars, Inc. The property features a 10-year corporate lease with 10% rent increases every five years and three additional five-year renewal options, ensuring long-term income stability. Positioned just off Provo’s high-traffic University Parkway, the site benefits from strong surrounding national retailers, dense population, and affluent demographics. With a proven national tenant operating in over 1,000 locations, this asset delivers durable cash flow in one of Utah’s fastest-growing markets.
Investment highlights
Purpose-built, state-of-the-art Banfield Pet Hospital totaling ±4,000 SF on ±0.60 acres.
Leased to Medical Management International, Inc. (Banfield Pet Hospital)—a subsidiary of Mars, Inc., one of the world’s largest privately held companies
10-year primary term with three (3) additional five-year options.
10% increases every five years, including at each option period.
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