The Asset is well located within the Charlotte MSA, in immediate proximity to the Charlotte Douglas International Airport
High volume facility, with Pet Paradise expanding the site by 4,787 SF in 2020 to accommodate the need for additional space
This site is one of five Pet Paradise’s in the Charlotte MSA, signifying their market penetration and local knowledge
Strategic airport location, providing customers the easy opportunity to drop off and pick up their animals before and after traveling
The Asset is subject to an ideal absolute triple net lease with +/- 16.6 years of firm term remaining and up to 2.00% annual increases, allowing for a completely passive investment structure with income appreciation consistently over the primary term
Charlotte continues to experience significant in-migration with over 200,000 new residents moving to the MSA over the past five years