The Brandon Equine Medical Center PVCC
Veterinary Equine | 8% CAP | 9,088 SqFt
Marketing description
Marcus & Millichap is Pleased to Present The Brandon Equine Medical Center, Located in Brandon Florida. The Equine Campus is 100% Leased to the National Veterinary Service Provider, PetVet Care Centers (Formerly Under MAVANA) who has a Total of Over 450 General Practices, Specialty/E.R Hospitals and Equine Facilities Across the United States. Additionally, the Investment Opportunity is Leased to Local Dog Training Business On Course Agility which has a Rolling One Year Lease Agreement. PetVet has Practiced in Brandon Since 2017, and Recently Renewed Early to Yield 6.5 Years Remaining on the Lease with Three, 5 Year Renewal Options. Since COVID-19, Studies Show Over 23 Million American Households got Pets. Veterinary Practices were Deemed Essential Through the Pandemic and Continue to Grow as Safe and Secure Investments. PetVet was Founded in 2012, and Currently has more than 450 Veterinary Locations Across the United States. PetVet Care Centers is Owned by Powerhouse Private Equity Group KKR, a Leading Global Investment Firm that Offers Alternative Asset Management as Well as Capital Markets and Insurance Solutions. With Almost 50 Years of Private Equity Experience, KKR has Invested in Over 123 Companies and Currently have $503 Billion of Assets Under Management. Seven Practicing Veterinarians and Dozens of Team Members Provide a Wide Range of Equine Services Including Emergency Care, Ambulatory Services, Clinical Services, Dental Care, Diagnostic Imaging, Farrier Consulting, Integrative Medicine, Individual Wellness, Telemedicine and more. The Investment is Located Southeast of Tampa and sits Directly on East Bloomingdale Ave, which Features an Average Daily Traffic Count of 51,000 VPD. The Equine Hospital Neighbors Dozens of Strong Credit Tenants such as Life Storage, LA Fitness, Dollar Tree, First Watch, T-Mobile, UPS and more.
Investment highlights
PETVET HAS OVER 450 GP, SPECIALTY, E.R., AND EQUINE LOCATIONS ACROSS THE U.S.
LITTLE TO NO COMPETITION FOR LARGE ANIMAL CARE IN SOUTHEAST FL
DOUBLE NET (NN) LEASE OFFERS MIMIMAL LL OBLIGATIONS
LEASE IS BACKED BY CORPORATE ENTITY, PETVET OPERATING, LLC
STABLE 2% ANNUAL RENT INCREASES PROVIDE HEALTHY LONG-TERM RETURNS
RECENT LEASE EXTENSION HAS 6.5 YEARS REMAINING W/ THREE, 5 YEAR RENEWALS
HORSES ARE HIGHLY UTILIZED ANIMALS – SPORTS, PLEASURE, & AGRICULTURALLY
EQUINE INDUSTRY ATTRACTS THE WORLD’S HIGHEST NET-WORTH INDIVIDUALS
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