Property Type: Retail
Acquired in January of 2020, Destination Pet (Texas) is a grooming and boarding services complex for cats and dogs located in Texas. It is part of Destination Pet, LLC, a national pet services provider. This is First Capital Advisors second deal with Destination Pet after previously closing on another similar property in Colorado.
We obtained a 20-year lease with the tenant through closing a sale-leaseback transaction. This long-term lease will ensure stable tenancy at the property through the year 2040.