Last updated on April 21st, 2025
Destination Pet
$1,745,600
5821 Industrial Lane SE, Prior Lake, Minnesota 55372
| Building Size | 7,910 Square Feet |
| Land Size | 1 Acres |
| Zoning | - |
| Year Built | 2005 |
- Destination Pet is doing business as Paws and Pals and is on a NNN lease with 14+ years remaining and 2.5% annual rent increases.
- Located in a high-income trade area with an average household income of $168,515 within a 1-mile radius and 5-mile population of 72,266.
- Strong Tenant: The tenant on the lease, Destination Pet, has an expansive network with 190+ locations across 35 states. Destination Pet is a reputable and established dog daycare operator with a proven track record of success.
- Paws and Pals is a full-service, all suites pet resort serving the south Twin Cities metro, offering services including dog daycare, dog boarding, grooming and training. Paws and Pals has hosted more than 5,000 dogs for various services.
- High Growth Industry: The U.S. pet daycare market size is expected to reach $2.85 billion by 2030.
- According to the American Pets Product Association, $147 Billion was spent on pets on 2023, an increase of approximately 61% from 2018. In 2024, approximately 58 million households in the U.S. owned a dog.
- Strong Daytime Employment Area: Located near several industrial tenants including Meadow Green Landscape, Accelerated Automotive, Whitemore Fire Consultants, ACI Workplace Solutions, etc.
- This property is located in Prior Lake, MN, a suburb located approximately 25 miles southwest of Minneapolis.
- Prior Lake is home to Mystic Lake Casino & Hotel, Lakefront Park, and more. Mystic Lake Casino has 200,000+ SF of gaming space, 766 hotel rooms, and a concert venue that hosts live music and entertainment.
Agents
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Office Phone: (612) 332-6600Fax: (612) 376-4489
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Office Phone: (612) 376-4475Fax: (612) 376-4489
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.