Curo Pet Care

16150 Los Gatos Blvd, Los Gatos, CA 95032

Property Information

  • For Sale $2,721,000
  • Property Type Retail - Street Retail
  • Property Size 2,315 SF
  • Units 1
  • Lot Size 0.32 Acre
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1977
  • Year Renovated 2026
  • Date Updated Oct 9, 2026

Description

Rare opportunity to acquire a mission-critical veterinary facility in one of the most affluent communities in the country – $375K average household incomes within a 1-mile radius of the subject property. This is a brand-new 15-year absolute net lease featuring 3% annual rental increases throughout the base term and options and a corporate guaranty from Curo Pet Management Corp. – the primary management entity overseeing Curo’s 75+ location portfolio that generates over $123M in annual revenue. The subject property is ideally positioned along Los Gatos Boulevard, one of the community’s primary retail/commercial thoroughfares, providing excellent visibility and convenient access within the affluent Los Gatos trade area.

Highlights

  • Corporate Guaranty: Lease guaranteed by Curo Pet Management Corp., the primary management entity overseeing Curo’s 75+ location veterinary platform (see below)
  • Excellent Regional Connectivity: Convenient access to Highway 17 provides connectivity throughout Los Gatos, San Jose and the broader Silicon Valley employment base
  • Expansive Portfolio: 75+ corporately owned/managed locations throughout the Western U.S.
  • Extremely Affluent Residential Demographics: $375K average household incomes within a 1-mile radius of the subject property
  • Ideal Positioning: Strategically located along Los Gatos Boulevard, one of the community’s primary retail/commercial thoroughfares, providing excellent visibility and convenient access within the affluent Los Gatos trade area
  • Irreplaceable Silicon Valley Real Estate: Situated in Santa Clara County at the heart of Silicon Valley, one of the nation’s most economically dynamic and affluent regions
  • Long-Term Lease: 15-year absolute net lease featuring 3% annual rental increases
  • Mission Critical Facility: Purpose-built veterinary hospital featuring significant tenant investment in specialized medical, surgical, imaging, laboratory and treatment infrastructure, creating substantial barriers to relocation and demonstrating Curo’s long-term commitment to the site
  • Robust Unit-Level Performance: $20.5M 4-wall EBITDA in FY 2024
  • Strategic Retail Positioning: Located adjacent to the Lunardi’s-anchored Kings Court Shopping Center and surrounded by established retail, service and neighborhood amenities that generate consistent consumer activity along the corridor
  • Substantial Sales Growth: Curo’s FY 2024 revenues total $123+ million, a 21% increase over the previous year

Contacts

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