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NVA Sumner Veterinary Hospital 2 Retail Properties Offered at $9,200,000 in Sumner, WA
Investment Highlights
- Long-Term Lease Commitment from Quality Tenant
- Hedge Against Inflation
- Significant Tenant Improvements
- Mission Critical Facility
- Minimal Landlord Responsibilities
- Strong Historical Occupancy
Executive Summary
Team Vara at Northmarq is pleased to offer the Sumner Veterinary Hospital, a mission-critical medical facility in the growing Sumner, WA market with excellent access to the greater Tacoma–Pierce County region. Purpose-built as one of only three 24/7 emergency veterinary hospitals in Pierce County, the property is fully leased on a long-term, passive triple-net basis to National Veterinary Associates (NVA)—the largest private owner of freestanding veterinary hospitals in the U.S. NVA reaffirmed its commitment with a 20-year renewal in 2021 (15+ years remaining) and has heavily invested in state-of-the-art medical improvements, underscoring the strategic importance of this location. With CPI-based annual rent increases, minimal landlord obligations, and strong regional demand driven by robust demographics and high pet-ownership rates, the asset represents a rare opportunity to acquire a stable, long-term net-leased medical facility backed by a nationally scaled operator.
Property Facts
| Price | $9,200,000 | Number of Properties | 2 |
| Price / SF | $253.18 / SF | Individually For Sale | 0 |
| Cap Rate | 6.34% | Total Building Size | 36,338 SF |
| Sale Type | Investment NNN | Total Land Area | 5.58 AC |
| Status | Active |
| Price | $9,200,000 |
| Price / SF | $253.18 / SF |
| Cap Rate | 6.34% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 36,338 SF |
| Total Land Area | 5.58 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 16024 60th St E, Sumner, WA 98390 | Retail | 18,838 SF | 2005 | - |
| 16102 60th St E, Sumner, WA 98390 | Retail | 17,500 SF | 2009 | - |
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NVA Sumner Veterinary Hospital
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