STABLE INVESTMENT – There are just under 6 years remaining on the NNN lease with 2% annual increases and three, 5-year options to extend the lease.
SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION – The lease features annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.
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.
TRUSTED PROVIDER – CareVet supports over 200 veterinary hospitals across 35+ states, earning trust through a commitment to high-quality care, team well-being, and professional development for its 2,500+ employees, including 500+ veterinarians.
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 Keokuk Street property offers convenient access to a broad selection of surrounding services and destinations. Within a ±3-mile radius, the area features a mix of residential communities, schools, parks, offices, and major retailers like Walmart Supercenter, CVS, Heritage Plaza Shopping Center, Logan County Airport, Washington-Monroe Elementary, Lincoln Dental Center, and Kickapoo Creek Park.
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.