Glenpark Animal Hospital- Muskegon, MI

COMPREHENSIVE SERVICES | MULTI-DOCTOR LOCATION- This facility offers a wide range of services, including preventive care, vaccinations, dental care, microchipping, ultrasound, radiography, EKG, spay & neuter, soft tissue surgery, cremation, and euthanasia.
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.
TENANT INVESTMENT IN LOCATION- Pet Hospitals rarely relocate due to difficulty retaining the same patients in a new location and the high costs associated with moving and build outs.
SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION- The lease features annual rental increases tied to the Consumer Price Index (CPI), providing a future owner with a boost in cash flow and a consistent hedge against inflation throughout the life of their investment.
FAVORABLE DEMOGRAPHICS- This asset caters to more than 85K residents within a 5-mile radius with an average household income exceeding $80,000.
OVER 50 YEARS OF TRUSTED SERVICE- Originally founded in 1970, this practice is a well-known staple in the Muskegon community and reflects its longstanding commitment to provide high quality pet care to pets and their families.
CONCENTRATED RETAIL CORRIDOR- The property is situated in a well-established area, surrounded by a mix of residential communities, schools, parks, hospitals, and major retailers including The Home Depot, ALDI, Walmart, and Family Dollar.
LARGEST VETERINARY CONSOLIDATOR WORLDWIDE- Founded in 1997, National Veterinary Associates (NVA) is the nation’s largest veterinary consolidator. Its network includes over 1,400 general practices, along with equine hospitals, pet resorts, and Ethos Veterinary Health, made up of 150 specialty and emergency hospitals. With a presence across all 50 states and a team of over 25,000 veterinary professionals, NVA and Ethos ensure broad access to high quality care and the advancement of cutting edge medicine to extend and improve the lives of pets.
PRIVATE EQUITY SPONSORSHIP- In 2019, JAB Holding Company acquired Compassion-First Pet Hospitals (now NVA) for $1.2 billion, followed by the purchase of Ethos Veterinary Health in 2021 for $1.65 billion and SAGE Veterinary Centers for $1.1 billion. These specialty care providers were later consolidated under the Ethos brand. In 2023, JAB restructured its veterinary holdings into two distinct businesses: NVA, focused on general practice and pet resorts, and Ethos, dedicated to specialty and emergency care. Founded in 2012, JAB manages over $50 billion in assets and partners with major consumer brands like Keurig Dr Pepper, Panera Bread, Krispy Kreme, Coty, and JDE Peet’s, leveraging deep capital and strategic expertise to drive growth across industries.
GROWING INDUSTRY- The veterinary services industry has experienced steady growth in recent years at a compound annual growth rate (CAGR) of 4.7%, with a U.S. market size reaching $66B and profit margins of 14.4%. The market is projected to expand at a CAGR of 1.2% over the next five years, reaching $70B by 2029.

Navigation Menu

Key Information

Highlights

Photos

Location

Agents

Broker of Record

Matthew M. Fitzgerald