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Powell Animal Hospital 205 Star Mountain Way 3,834 SF Retail Building Powell, TN 37849 $1,630,198 ($425.20/SF) 7% Cap Rate
Investment Highlights
- Institutional-Grade Corporate Guarantee: The lease is corporately guaranteed by Thrive Pet Healthcare, a national veterinary platform
- Recession-Resilient Healthcare Use: Veterinary services represent a non-discretionary healthcare segment
- Proximity to the University of Tennessee: Located approximately 15 minutes from the University of Tennessee’s flagship campus (40,000+ students)
- Passive NN+ Lease Structure: Structured as a Double Net Plus (NN+) lease, the tenant is responsible for property taxes, insurance, and maintenance
- Strategic Knoxville Growth Corridor Location: Positioned along US Highway 131 (±19,500 VPD), the property benefits from strong visibility and access
- High Tenant Relocation Costs: Veterinary facilities require substantial capital investment in specialized build-outs, including surgery suites
Executive Summary
Hutt Cooke
License # 356505, 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Professional, Scientific, and Technical Services
- -
- -
- -
Thrive Pet Healthcare – is operating under the national Thrive Pet Healthcare brand. Founded in 2003, the organization now comprises over 400 clinics across the U.S., offering primary, specialty, and emergency veterinary services. The Austin location provides comprehensive care including wellness exams, vaccinations, diagnostics, surgery, and end-of-life support. Staffed by Fear Free®-certified teams, the clinic focuses on creating a low-stress environment. As part of a large network, the Austin clinic benefits from centralized platform tools, a membership program (Thrive Plus), and coordinated clinical standards. Real estate and facility operations are managed locally alongside Thrive’s strategic leadership.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Professional, Scientific, and Technical Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 056-12303 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $274,360 |
Property Taxes
Presented by
Powell Animal Hospital | 205 Star Mountain Way
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