Petsuites in Greenville, SC

New 20-Year NNN Lease | Industry Dominating Tenant | Corporately
Guaranteed by National Veterinary Associates (NVA)
1002 Keys Drive, Greenville, South Carolina
PLAY PROPERTY TOUR
Actual Rendering

Presented By
Lead Agent
Kevin Boeve
Senior Vice President Investments
ONTARIO OFFICE
Tel: (909) 456-3450
kevin.boeve@marcusmillichap.com
CA License: 01247016
Kyle Blatt
Associate
ONTARIO OFFICE
Tel: (909) 456-3475
kyle.blatt@marcusmillichap.com
CA License: 02017976
Capital Markets Representative
Farhan Kabani
Senior Vice President Capital Markets
DALLAS OFFICE
Tel: (972) 755-5301
farhan.kabani@ipausa.com
Broker of Record
Drew Babcock
SOUTH CAROLINA OFFICE
Tel: (803) 678-4900
SC License: 39872

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Z0080382
2
pricing
Property Name Petsuites
Property Address 1002 Keys Drive
Greenville, South Carolina 28412
Price $5,045,000
Cap Rate 6.60%
Net Operating Income $332,949
Gross Leasable Area 14,240 Square Feet
Year Built 2018
Approximate Lot Size 3.72 Acres
tenant summary
Tenant Trade Name Petsuites of America
Lease Commencement 2018
Lease Expiration 2038
Option Term Five, Five-Year Options
Guarantee Corporate Guarantee (National Veterinary Associates, Inc.
Lease Type Triple-Net (NNN)
Increases Cumulative CPI Increases Capped at 10 Percent Every Five Years
Landlord Responsibilities None
Lease Term Remaining 20 Years Remaining
Notes: Other loan options are based on buyer parameters available.
Contact:
Farhan Kabani
Senior Vice President Vice Capital Investments
Dallas Office
Tel: (972) 755-5301
farhan.kabani@ipausa.com
financial overview
rent schedule
Year Rent Amount/Year Rent Amount/Month % Increase
Year 1 - 5 $332,949 $27,746
Year 6 - 10 $366,244 $30,520 CPI Capped at 10%
Five, Five-Year Options CPI Capped at 10%
loan options
70% LTV
Approximate Loan Amount $3,530,000
Approximate Equity Required $1,515,000
Fixed Rates Cash Flow
5-Year 5% $81,450 (5.3%)
7-Year 5.25% $75,150 (5%)
10-Year 5.5% $68,760 (4.5%)

3
Petsuites operates pet boarding, daycare, and grooming facilities in the United States. Nothing
compares to home-sweet-home, and that’s true too for your four legged friends! But when they’re
staying at PetSuites, the professional and loving staff will treat them as if they were family, working
with you to create a customizable experience that will make them feel right at home!
• Cleanest, Spacious Rooms in the Industry
• Specially Designed Heating and Air Conditioning Sytems That Ensure a Comfortable and
Healthy Environment for the Pets
• Large Outdoor Play Areas Available 365 Days a Year
• Grooming and Bathing Seven Days a Week
petsuites of america
Tenant Petsuites of America
Founded 1999
Locations 22
Headquarters Erlanger, Kentucky
Guarantor National Veterinary Associates, Inc.
Website petsuitesofamerica.com
national veterinary
associates, inc.
Founded 1998
Locations 500+ Locations
Areas Served United States (41 States)and Four Countries
Headquarters Agoura Hills, California
Website nva.com
NVA is affiliated with more than 1,800 veterinarians who care for more than 5 million patients a
year.
1996
Founded by Dr. Stan
Creighton
2007
$128 Million Investment by
Summit Partners ( Industry
Leading Private Equity Firm) 2014
Approximately $700
Million Investment by
ARES Partners (Industry
Leading Private Equity
Firm)
2017
Approximately $930 Million
Investment by OMERS
(Ontario Employees Pension
Fund) 2018
Plans to Open 20 New
State-of-the-Art Industry
Leading Facilities

4
• $63-Billion Industry
• $11 Billion Spent on “High-End” Pet Pampering in 2017
• 68% of US Households Own a Pet | 42% Own More Than One Pet
• 75% of Millennials Have Dogs | 51% Have Cats
• 76% of Millennials Said to “Splurge” on Pets Before Themselves
• 70% of Baby Boomers Have a Dog | 80% State They Would
Purchase Another
pet industry talking points
22
240
220
200
180
160
Number of Pets (Cats and Dogs) in the United States
Million
Year
08 10 12 14 16 18 20
• 84.6 Million Households Own a Pet
• 89 Million Dogs in the United States
• 78 Million Cats in the United States
• “Pet Lovers” Dominate the United States Population | Baby
Boomers and Millennials Are the Largest Population Block in the
United States and Own the Most Pets
In The News
• One of the Nation’s Largest Home Builders’ “Pet Rooms,”
a Choice in Many of Our New Developments
• Millennials Obsessed With Pets
• Colleges Embracing Pets on Campus and Student
Housing
• How Much Are Millennials Really Spending on Pets
CLICK TO VIEW ARTICLES

First Mover Investment Opportunity to Add Defensive Diversity to Any Portfolio |
Very Few New Net-Leased, Pet-Industry Investments Offered Each Year
Brand New 20-Year Triple-Net Lease | Zero Landlord Responsibilities
Exploding Industry | Recession-Resistant Tenant
Highly Defensible and Diversified Tenant | Multiple Product Lines, Veterinary,
Boarding, Daycare, Grooming, Retail | Operating in 4 Countries, 41 States | 500+
Locations | 40 Years of Combined Industry Experience
Strong Demographics | Population of Over 162,700 with Over 142,000 Daytime
Employees Within Five-Mile Radius
Easy Access & Visibility from Interstate 385 With 95,000 Cars Per Day
Across From ECI University With 10,000 Students
Dense Daytime Employment (110,500 Employees in Greenville, SC) Perfect for
Pet Daycare Usage
5
demographics
investment highlights
SUBJECT PROPERTY
Industry Leading Executive Team Behind Petsuites and NVA
Multiple Financing Options
Brand New State-of-the-Art Facility
1 Mile 3 Miles 5 Miles
2018 Population 3,032 55,596 162,774
2018 Households 1,597 25,216 68,606
2018 Daytime Employees 11,652 67,030 142,182
2018 Average Household Income $61,414 $58,935 $61,998

6
elevations

7
construction

8
Interstate 385 - 95,000 Cars Per Day
SUBJECT PROPERTY
Students: 10,000
Staff: 150
HAYWOOD MALL
Patewood
MEDICAL CAMPUS
Beds: 72
Rooms: 122
Rooms: 202
Rooms: 127
WAFFLE
HOUSE
Greenville
Downtown
irport
Annual Takeoffs: 91,600
Employment: 453
Economic Impact: $35.2 Million
DAVID’S
BRIDAL
PLANET
FITNESS
Braydon
AT HOLLINGSWORTH PARK
Size: 35 Acres
Number of Homes: 98
Completion: 2018
WAFFLE
HOUSE

Confidentiality Agreement
The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from Marcus & Millichap and it should not be made available to any other person or
entity without the written consent of Marcus & Millichap. By taking possession of and reviewing the information contained
herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees
that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject
property at this time, please return this offering memorandum to Marcus & Millichap.
This offering memorandum has been prepared to provide summary, unverified financial and physical information to
prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information
contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any
investigation, and makes no warranty or representation with respect to the income or expenses for the subject property,
the future projected financial performance of the property, the size and square footage of the property and improvements,
the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal
regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any
tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained
in this offering memorandum has been obtained from sources we believe to be reliable; however, Marcus & Millichap
has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any
investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or
completeness of the information provided. All potential buyers must take appropriate measures to verify all of the
information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the
subject property.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS & MILLICHAP AGENT
FOR MORE DETAILS.
Net-Leased Disclaimer
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows: The information contained
in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not
and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters.
Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of
any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the
accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a
substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies
any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or
estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this
property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial
and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent
investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must
request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past
performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the
lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a
tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not
guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other
material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other
conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation
of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of
locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer
may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability
to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it
harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased
property.

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