Listed by SURMOUNT
$1,541,928
Thrive Petcare
Details
Property Type Special Purpose
Sub Type Veterinarian
Square Footage 3,695
Cap Rate 6.25%
NOI $96,370
Tenancy Single
Lease Type NNN
Lease Expiration 07/30/2031
Year Built 2008
Tenant Credit Corporate Guarantee
Lease Commencement 07/15/2016
Ground Lease No
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Thrive Petcare located at 10031 East Dynamite Boulevard, Scottsdale, AZ 85262 . The site consists of roughly 3,695 rentable square feet of building space. This Thrive Petcare is subject to an initial 5-year Triple Net (NNN) lease, which commenced 7/15/2016. It has been renewed once, in 2021 and again this upcoming July 2026. The current annual rent is $93,337 and has scheduled annual CPI increases capped at 3.5%.
Investment highlights
- Long-Term NNN Lease | This site is subject to a 5-year triple net (NNN) lease, providing passive income with minimal landlord responsibility. There are over five (5) years remaining, with three, fiveyear options periods.
- Inflation-Hedged Rent Growth | This lease features attractive annual increases based on CPI, capped at 3.5% annually, which offers investors protection against inflation and rising operating costs.
- E-Commerce/Recession Resistant | Veterinary properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
- Robust Industry Growth | The global veterinary care market size was estimated at USD 87.3 billion in 2023 and is projected to grow at a compounded annual growth rate of 8.0% from 2024 to 2030. The rising incidence of chronic diseases in pets and animal drives the needs for improved veterinary care, fueling market demand.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,370.00
$8,030.83/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
Map
Zoning
C-2/ESL/(HD) CommercialCore CommercialCentral Business Environmentally Sensitive Lands Hillside District
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View all 101 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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