NNN Flex Building - Pet Boarding / Grooming

N/AComplementary Dual-Tenant Use – Two tenants with aligned uses that efficiently utilize the space and operate cohesively, complementing each other's business. Growing Industry – U.S. pet daycare market valued at $1.7B in 2024 and projected to reach $3.9B by 2034 (8.6% CAGR). Long-Term NNN Lease – Both tenants have 8+ years remaining on their leases with 2% annual rent increases and minimal landlord responsibilities. Market-Leading Tenants with Proven Stability – Barks & Rec is the only full-service dog daycare and boarding business in the immediate area, featuring the most indoor and outdoor space for dogs to play in the South Metro, and the brand also operates two additional Twin Cities locations. Rio Grooming School & Salon is known nationally for the size and quality of its grooming school, as well as providing top-of-market grooming services directly to the public. The facility has operated as a dog-centric asset to the community for over 12 years, providing long-term stability. Strategic Location & Access – Located in the growing suburb of Hastings with direct access to Highway 10, offering convenient connectivity to the Twin Cities metro and exposure to over 34,000 VPD. Functional Flex Building with Recent Renovations – ±13,580 SF building with adaptable layout and 6 large dock doors. Additionally, both tenants have made significant financial improvements to their space, specifically Barks & Rec who made over $300k in improvements in 2024. Strong & Growing Demographics – The property is supported by a growing population with approximately 36,757 people within a 5-mile radius and an average household income of $118,619. E-Commerce Resistant Tenancy – Dog daycare and boarding facility complemented by an on-site grooming school and salon, collectively driving consistent, recurring in-person demand.