Thrive Pet Healthcare – Arlington, TX

Thrive Pet Healthcare
1350 Caplin Dr, Arlington, TX 76018, USA

Sands Investment Group is pleased to exclusively offer for sale the 6,110 SF Thrive Pet Healthcare NNN located at 1350 Caplin Drive in Arlington, TX. This deal includes a corporately backed lease featuring 2% annual rent increases and 2 additional 5-year renewal options, providing contractual income growth and long-term extension potential. Thrive Pet Healthcare is a leading national veterinary services platform with 400+ locations nationwide, offering primary, specialty, emergency, and urgent veterinary care across its network.

  • Leading National Veterinary Services Platform: Thrive Pet Healthcare is a leading national veterinary services platform with 400+ locations nationwide, offering primary, specialty, emergency, and urgent veterinary care across its network.
  • Corporately Backed Lease with Built-In Growth: The property benefits from a corporately backed Thrive Pet Healthcare lease featuring 2% annual rent increases and 2 additional 5-year renewal options, providing contractual income growth and long-term extension potential.
  • Limited Landlord Responsibilities: Tenant is responsible for the majority of property-level maintenance and repairs, including HVAC, plumbing, and electrical systems, with landlord responsibilities primarily limited to the roof, foundation, and structural components.
  • Strategic South Arlington / DFW Location: Located just south of I-20 in the DFW Metroplex, near Arlington Highlands, The Parks Mall, and Medical City Arlington, within one of South Arlington’s primary retail and healthcare corridors.
  • Dense, Established Trade Area: The property serves a substantial surrounding customer base with 133,660 residents within 3 miles, positioning the clinic within a densely populated and established South Arlington trade area.
  • Oversized Lot with Future Expansion Potential: The 6,110 SF facility sits on a 1.35-acre parcel, providing ample on-site parking and potential for future expansion or development.

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

Thrive Pet Healthcare
1350 Caplin Dr, Arlington, TX 76018, USA

Thrive Pet Healthcare

Thrive Pet Healthcare is a privately held veterinary healthcare platform providing primary, specialty, emergency, and urgent care through a nationwide network of community-based veterinary hospitals. Founded in 2003 and headquartered in Austin, Texas, the company has grown to 400+ partner hospitals and serves pet owners through an integrated continuum of care. Thrive’s locally rooted operating model combines independent hospital identities with centralized technology, resources, and clinical support, creating a diversified platform with recurring demand for veterinary services.

Price

$2,751,769

Cap Rate

6.50%

PREMISES

6,110 SF

YEAR BUILT

2014

RENEWAL OPTIONS

2 x 5 Year Options

Lease Expiration

04/30/2031

Lease Type

NNN

RENTAL INCREASES

2% Annually

BROKERS

List with SIG

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