TUCSON, ARIZ. (July 9, 2025) – The property at 333 W Cool Drive in Northwest Tucson, home to Sahuaro Vista Veterinary Clinic, has been sold in a sale-leaseback transaction for $1,575,000 ($625 PSF). The seller, Dr. Andrew Carlton of Tucson, is the founder and managing veterinarian of the clinic, which has operated at this location for more than 23 years. The buyer was LHRE W Cool Dr Tucson, LLC, an investment entity affiliated with LHRE Fund Holdings, LP, based in Dallas, Texas.
The 2,520-square-foot veterinary clinic was built in 1990 and brokered by Alvin N. Mansour and Ryan Sarbinoff of Marcus & Millichap, who marketed the property as a corporate-backed net-leased investment with a strong tenant and long-term lease in place. The lease includes a two percent annual rental increase throughout the initial term and renewal options. It is guaranteed by National Veterinary Associates (NVA), one of the world's largest veterinary and pet care service providers. NVA operates more than 1,500 veterinary clinics, animal hospitals, and pet resorts, generating approximately $6 billion in annual revenue. The company is majority-owned by JAB Holding Company, which is controlled by the Reimann family, one of the wealthiest families globally, with an estimated net worth of $20 billion, according to Forbes.
Sahuaro Vista Veterinary Clinic is situated just off Oracle Road (State Route 77), a high-traffic arterial route with over 42,000 vehicles passing through daily. The site offers excellent visibility and signage and sits within one of the region’s most established and economically vibrant commercial and healthcare corridors. The surrounding area includes a dense mix of dental, dermatology, and urgent care centers, creating a strong synergy for pet-owner convenience and cross-referral potential.
The property is situated in a densely populated and affluent trade area, with over 139,000 residents within a five-mile radius and average household incomes exceeding $109,000 within a three-mile radius. It is surrounded by growing residential neighborhoods, apartment complexes, and townhome communities that continue to expand, supporting a steady demand from pet-owning households.
With pet ownership on the rise and Arizona ranked among the top 10 states for pet ownership, the veterinary real estate sector remains one of the most resilient investment categories. Healthcare and veterinary-related properties are widely regarded as internet-resistant and recession-proof, with long-term performance driven by service-based demand and demographic growth.
The sale of 333 W Cool Drive highlights continued investor confidence in essential healthcare assets and reflects a broader trend toward institutional interest in veterinary-anchored net-leased investments.
For more information, Sarbinoff can be contacted at 602.687.6700, and Mansour is at 858.373.3185.
Source: RED Comp #11954.