490 Oakbend Dr
Lewisville, TX 75067
Petsuites · Retail Property For Sale

Prime Net Lease is pleased to present this 2021 built, 15,784 SF PetSuites located in Lewisville, Texas. This pet boarding facility completed construction and opened in October of 2021. The property is secured with a twenty (20) Year Absolute NNN Lease, leaving zero landlord responsibilities.
The original corporately guaranteed lease has close to 18 years currently remaining on its initial term. This absolute NNN lease features 10% rental increases every 5 years during the base term and grants the Tenant five successive 5-year options to extend the lease. The lease also has a corporate guarantee by the parent company National Veterinary Associates (1000+ Units).
This PetSuites is highly visible as it is strategically located next to the I-35 exit (seeing 176,049 vehicles per day) and S Stemmons Fwy (seeing 41,466 vehicles per day). The site is surrounded by residential homes and is located within Vista Ridge Village which houses many major retailers and restaurants. The five-mile population from the site is 240,163 and the three-mile average household income is $105,208 per year. This area is experiencing great growth with a three-mile population growth rate of 2.0% over the next five years. Total consumer spending within a 5-mile radius is estimated at $3.2 Billion.
The Dallas–Fort Worth–Arlington metroplex, is a metropolitan statistical area in the U.S. state of Texas encompassing 11 counties. Its core cities are Dallas and Fort Worth. It is the economic and cultural hub of North Texas. The Dallas–Fort Worth–Arlington metropolitan statistical area's population was 7,637,387 according to the U.S. Census Bureau's 2020 census, making it the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S., and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex had the highest annual population growth in the United States.