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10948 General Puller Hwy, Hartfield, VA, 23071

HARTFIELD ANIMAL HOSPITAL
CONTACT BROKER

Key Information

Tot. SF
3,800
Term Remaining
±5.15
Type
Healthcare

Highlights

  • Stable investment | Options to extend – The lease with VetCor has just over five years remaining along with two (2) five (5) year options to extend.
  • Comprehensive services – The clinic offers a wide range of services, including preventive care, dental care & surgery, microchipping, digital radiology, ultrasound, laser surgery, advanced soft tissue surgery, spay & neuter procedures, allergy & dermatology diagnosis, and emergency care.
  • 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.
  • Scheduled rental increases | Hedge against inflation – The lease features annual rental increases equal to the greater of 2% or CPI, providing a future owner with a consistent growth in cash flow and a built-in hedge against inflation throughout the life of their investment.
  • 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.
  • Limited local competition – Hartfield Animal Hospital has been a trusted provider in the community since 1990. With minimal veterinary competition within a 15-mile radius, the hospital benefits from a loyal client base and sustained growth driven by a consistent demand for high quality local care.
  • Affluent and stable community – Hartfield’s median household income exceeds $100,000, well above both state and national averages, reflecting a community with the financial capacity to invest in high quality veterinary care for their pets.
  • VetCor | 906 partner practices | 15,670 team members – VetCor is one of the largest and most established veterinary consolidators in North America. Founded in 1997 and headquartered in Norwell, Massachusetts, the company has grown to include over 900 veterinary hospitals across the U.S. and Canada. It is backed by leading private equity firms including Harvest Partners, Cressey & Company, and Oak Hill Capital, which collectively manage over $37 billion in assets and provide strong institutional support. VetCor distinguishes itself through a decentralized operating model that allows each hospital to retain its local identity while benefiting from centralized administrative resources that enhance efficiency and support long-term growth.
  • Robust 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.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 226035518 (VA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203