Thrive Pet Care 811-813 Wedgewood Ave 7,400 SF Retail Building Nashville, TN 37203 $4,300,000 ($581.08/SF) 5.87% Cap Rate

811 Wedgewood Avenue is a 7,400-square-foot, freestanding retail building in the Wedgewood-Houston neighborhood, also known as WeHo, located less than 1.5 miles from Downtown Nashville.

Home to Thrive Pet Healthcare, a national, established veterinary tenant with over 10,000 employees and over 350 locations nationwide, 811 Wedgewood Avenue is an ideal property for investors, offering six years remaining on the lease, 2% annual rent increases, two five-year extension options, and a corporate guarantee. This property provides truly passive income, as Thrive operates under an absolute NNN lease.

Renovated in 2015, the building was fitted with multiple roll-up garage doors, a new roof, new lighting, and updated interiors.

Wedgewood-Houston is quickly becoming known as one of Nashville's up-and-coming mixed-use districts. WeHo has undergone an economic upswing with restaurants, bars, boutique shops, and studios establishing a presence in the district. The 811 Wedgewood Avenue location can't be beat, as it is close to Vanderbilt University and Belmont University, and GEODIS Park (a premier open-air stadium). It's less than a quarter-mile to Interstate 65, which connects directly to Interstates 40 and 24 and allows for easy access to downtown Nashville.

Within a 2-mile radius, there is an affluent, thriving population of 71,118 individuals, an average annual household income of $103,175, and total consumer spending of $975.3 million, of which $25,968,650 is spent annually on pets.

This is a one-of-a-kind opportunity for a hands-off investor to expand their portfolio and acquire 811 Wedgewood Avenue, a cash-flowing asset within a recession-resistant industry.