Listing Agency: Matthews Real Estate Investment Services - Corporate c***@matthews.com Show Phone

Listed By: Clay Smith · License #361676 (TN) Show Phone

Source: Matthews

Added: Aug 22 Changed: Aug 29 Last Checked: Aug 30 at 12:55PM

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Investment Insights

Based on property information with market context.

This veterinary healthcare property is leased under a Double Net Plus structure, with the tenant covering property taxes, insurance, and maintenance. Landlord obligations are limited to the roof and structure. The lease includes scheduled rent increases and is corporately guaranteed by Thrive Pet Healthcare, a veterinary platform operating more than 380 locations across 37 states.

Located at 205 Star Mountain Way in Powell, Tennessee, the property fronts US Highway 131 with approximately ±19,500 VPD. The site is about 15 minutes from the University of Tennessee campus, which has more than 40,000 students. Powell is experiencing approximately 6.67% annual population growth, with a projected 2026 population of 16,670 residents.

Additional nearby development includes the 267-unit Sheldon Apartments project, where leasing is expected to begin in March 2027. Planned retail development is expected in front of the apartment community, adding a future mixed-use component to the surrounding area.

Key Highlights

• Corporate guarantee from Thrive Pet Healthcare, operating more than 380 locations across 37 states
• Double Net Plus lease; tenant pays property taxes, insurance, and maintenance
• Landlord responsibilities limited to roof and structure

Property Analytics

Property Profile

Current Use

Powell Animal Hospital Veterinary Clinic

Suggested Use

Top Pick Restaurant Law Firm Auto Repair Shop Building Supply Auto Parts Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

126

Businesses Nearby

Explore this area Business Placement

Demographics for 37849, TN

27,742

Population

11,465

Households

2.4

Avg Household Size

41

Median Age

32%

College-Educated

94%

High-School Grad

39.7 sq mi

ZIP Area

699

Density / Sq Mi

$83,400

Median Household Income

$41,187

Median Earnings

$1,097

Median Rent

$263,600

Median Home Value

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Frequently Asked Questions

What type of property is this?

NNN property - Corporate-guaranteed veterinary facility with an NN+ lease structure that limits landlord responsibilities to the roof and structure.

Where is this nnn property located?

The property is located at 205 Star Mountain Way Powell, TN.

What is the asking price?

The asking price for this property is $1,630,198.

What are key features of this property?

This property features: Corporate guarantee from Thrive Pet Healthcare, operating more than 380 locations across 37 states; Double Net Plus lease; tenant pays property taxes, insurance, and maintenance; Landlord responsibilities limited to roof and structure