September 15, 2022 – Jason Woods and Matt Nadler of Horvath & Tremblay have successfully completed the sale of Four-Paws-Inn in Greenville, North Carolina. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,520,000.
Four Paws Inn is located at 3131 Moseley Drive in Greenville, North Carolina. The stand-alone single tenant building consists of 5,000 square feet and sits on a 0.46-acre parcel of land. Four Paws Inn is a wholly owned subsidiary of Southern Veterinary Partners (SVP), a mission-based, veterinarian owned and operated, regional network of animal hospitals in the South. Four Paws Inn (SVP) has 14 years remaining on their Triple Net (NNN) Lease with five (5), 5-year renewal options. The lease includes attractive 2.5% annual rent increase throughout the primary lease term and the renewal option periods. The Property is well-located as a pad-site to a Food Lion anchored shopping center that is also home to CVS, Dunkin’ and McDonald’s. The Property benefits from an outstanding location at the signalized intersection of Greenville Boulevard SE and E 10th Street, two of the area’s primary commercial and commuter corridors. The Property is surrounded by residential neighborhoods to the south and west and is just 2-miles from East Carolina University, which has a student enrollment of 28,950 and employs several thousand faculty and staff members.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.