| Institutional-Grade Corporate Guarantee: The lease is corporately guaranteed by Thrive Pet Healthcare, a national veterinary platform |
| Passive NN+ Lease Structure: Structured as a Double Net Plus (NN+) lease, the tenant is responsible for property taxes, insurance, and maintenance |
| Recession-Resilient Healthcare Use: Veterinary services represent a non-discretionary healthcare segment |
| Strategic Knoxville Growth Corridor Location: Positioned along US Highway 131 (±19,500 VPD), the property benefits from strong visibility and access |
| Proximity to the University of Tennessee: Located approximately 15 minutes from the University of Tennessee’s flagship campus (40,000+ students) |
| High Tenant Relocation Costs: Veterinary facilities require substantial capital investment in specialized build-outs, including surgery suites |
Allison Whitt
Matthews Real Estate Investment Services
