308 Leising Ave., Glenwood City, WI 54013

CORPORATE LEASE GUARANTEE

This practice was purchased by Heartland in 2022. Heartland, formed in 2016, operates over 300 locations nationwide. The guarantee is further backed by global investment firm, Gryphon Investors which purchased Hearland in 2019 and controls over $10B in diversified assets.

NET LEASE AND EARLY LEASE RENEWAL

The tenant has just notified the landlord of their intent to renew the lease through September 2029 reaffirming their commitment to this location The rent is scheduled to increase by 2% for the next period to $99,840 annually. The lease features minimal landlord responsibilities and 1 future renewal option.

PRACTICE HISTORY AND EXPANSION

The Glenwood City Veterinary Clinic has been operating at this location since 1996 when it was a much smaller hospital. The building was later expanded in 2018 to the structure we see today. Despite being a smaller market, this clinic services the entire area with the next closest animal hospital being over 15-miles away.

PROPERTY VISIBILITY AND AREA DEMOGRAPHICS

The property enjoys a location along a main business throughfare that sees over 2,300 vehicles passing daily. The five-mile trade area has a population over 3,300 people with an average household income of $103,680.