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.
VERY PASSIVE LEASE STRUCTURE: There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.
HEDGE AGAINST INFLATION: The leases include a 2% annual rental increase, ensuring consistent revenue growth and protection against inflation over the lease term.
FAVORABLE DEMOGRAPHICS: Earlysville and Albemarle County have a steadily growing population with an affluent demographic mix, including families, retirees, and young professionals. The area’s median household income is above the national average, supporting demand for high-quality healthcare services.
POPULATION GROWTH: The area surrounding Earlysville has experienced steady population growth, attracting new residents who seek accessible healthcare services, which supports the property’s long-term revenue potential.
NEARBY RETAIL: Located close to key retail options in Charlottesville, including Target, Whole Foods, and The Shops at Stonefield, this property benefits from convenient access to essential amenities. The nearby retail presence supports client convenience and enhances the visibility and accessibility of the property.
TENANT INVESTMENT IN LOCATION: Pet Hospitals rarely relocate due to difficulty retaining the same patients in a new location, and the high costs of moving.
GROWING INDUSTRY: The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.
FLEXIBLE LEASE OPTIONS: The lease includes two additional 5-year options, allowing the tenant to extend their lease, which can provide security and predictability for future cash flows.
HIGHWAY PROXIMITY: The property is located conveniently near U.S. Route 29, providing quick access to Charlottesville and surrounding areas. This location offers excellent regional connectivity, attracting clients from Earlysville and neighboring communities in the Albemarle County area.
PET OWNERSHIP TRENDS: Over 66% of U.S. households own at least one pet, driving demand for premium pet care services such as boarding and daycare, particularly among urban professionals.
RISING DEMAND FOR PREMIUM SERVICES: The clinic offers a wide range of services, including equine wellness, equine surgery, equine sports medicine, lameness diagnosis and treatment, arthroscopic, upper respiratory procedures, and other soft tissue and orthopedic treatments.