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970 E 181st St, Westfield, IN, 46074

Community Veterinary Partners
$5,178,462

Key Information

Cap Rate
6.5%
$ per SF
$383
Tot. SF
13,518
Lot Size
1.19 Acres
Year Built
2020
Term Remaining
±8.12 YRS
Type
Healthcare
NOI
$336,600

Highlights

  • Stable Investment – The property is backed by a long-term NNN lease with over 8 years remaining and dependable 2% annual rent increases, providing consistent income growth and long-term security for investors.
  • Affluent Demographics – The surrounding area boasts strong household incomes, with an average income of just under $150,000 within a 5-mile radius, supporting high purchasing power and stable long-term demand.
  • Healthcare Real Estate | Recession Resistant Property – Veterinary hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
  • Prime Location – The ±13,518 SF practice is extremely well located along E 181st Street, offering excellent visibility and easy access to major transportation routes, including IN-32 and US-31. This asset caters to more than 100,000 residents with an average income of just under $150K within a 5-mile radius of the site.
  • Comprehensive Services | Multi-Doctor Location – Veterinary Centers of America delivers high-quality, full-service veterinary care supported by a team of experienced doctors and staff. Offering a wide range of medical, diagnostic, and preventive services, the clinic provides reliable, timely care for pets and their families. Its comprehensive service offerings support long-term stability while creating opportunities for continued growth across multiple specialties.
  • Prime Westfield Location – This ideally positioned clinic offers excellent visibility and convenient access in one of the fastest-growing suburbs of the Indianapolis market. Surrounded by strong residential and commercial development, the area supports steady traffic and long-term demand.
  • Tenant Investment in Location – Pet hospitals rarely relocate due to the difficulty of retaining the same patients in a new location and the high costs associated with moving and build-outs.
  • Concentrated Corridor – The property is surrounded by a mix of residential communities, schools, parks, hospitals, and major retailers, including Meijer, Chick-fil-A, ALDI, Walmart Supercenter, Whole Foods Market, Lowe’s, Target, Riverview Health Westfield Hospital, Ascension St. Vincent Carmel Hospital, Westfield High School, and Village Park Plaza, all just ±5 miles away.
  • Scheduled Rent Increases | Hedge Against Inflation – The lease features 2%annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.• Very Passive Lease Structure – There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.
  • Robust Growth Industry – The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203