4801 West Fwy, Fort Worth, TX 76107

A landmark of modern veterinary medicine – a facility that has redefined the standard of veterinary care – is now on the market for sale: The PARC – Fort Worth’s Flagship 24/7 emergency veterinary clinic, located in the heart of Dallas-Fort Worth. Listed exclusively by Daniel Solomon and Jackie Moeller of The Solomon Healthcare Advisory Team at Kidder Mathews.

The PARC isn’t just a veterinary hospital – it was envisioned, designed, and built to redefine what pet care can be. The PARC was created around the revolutionary idea of People first, Animals at the heart of it, Revolutionary Care throughout.

The hospital is designed to strengthen the bond between pets and the people who love them through transparency, comfort, and trust, with an open, glass environment that keeps pet parents informed and reassured at every step.

Care is tailored to each animal’s unique needs - supported by advanced technology, rapid diagnostics, and flexible options like outdoor exams for pets who feel safer outside. This people and pet centered model is what makes the care truly revolutionary; a 24/7 commitment to helping pets and their families feel better, live better, and love longer.

PROPERTY & LEASE HIGHLIGHTS

• Flagship 23,088 SF Purpose-Built Veterinary Hospital - Construction of The PARC (People. Animals. Revolutionary Care.) was completed in 2018, following a total investment of ±$11,000,000 into construction. Designed in collaboration with renowned firms PGAL and Animal Arts, the facility blends architectural innovation with veterinary functionality. Operating 24/7, 365 days a year and staffed with 14 DVMs, The PARC is a one-of-a-kind landmark veterinary hospital that redefines the standard for emergency, specialty, and wellness care.

• Thrive Pet Healthcare Corporate Guaranty - Lease features a corporate guaranty from Thrive Pet Healthcare, one of the largest operators of veterinary hospitals in the United States, supporting ± 400 practices nationwide.

• Integrated Emergency + Specialty + Wellness Platform Under One Roof - The hospital is engineered as a cohesive, fully integrated facility offering 14 exam/treatment rooms, surgery and specialty suites, ICU/critical care, and advanced diagnostics in a layout crafted for efficient triage and high-acuity care.

• National Design Recognition - The PARC received an esteemed award in the 2020 dvm360 Hospital Design Competition, validating its architecture, workflow innovation, and client experience at a national level.

• Regional Powerhouse in Veterinary Care - At ±23,088 SF, The PARC operates at a scale far above the typical U.S. veterinary clinic (generally a fraction of this size). The footprint supports multi-department workflow capacity, regional referral capture, and emergency case volume that smaller facilities cannot match.

• 24-Hour Drop-Off & Pick-Up - In addition to veterinary medicine, The PARC offers a range of pet care amenities under one roof, driving multiple revenue streams. The facility includes boarding and grooming components, with the hospital featuring 44 dog runs and being the first in the city to offer 24-hour drop-off and pick-up for boarding.

• Full-Service Pet Care Campus - A 50-seat training/community room is also on-site for staff development and client seminars. This diversified service model (emergency, primary care, boarding, grooming, training) enhances customer loyalty and keeps the facility in use at all hours, reinforcing the tenant’s financial stability and the site’s status as a one-stop pet care destination.

• “Transparent-Care” Architecture - The PARC’s revolutionary “open concept” design was conceived around a visibility-first treatment model: glass-walled treatment rooms and open sightlines allow pet parents to observe care in real time, similar to an open-kitchen concept in high-end hospitality.

• High Barriers to Replacement - With veterinary construction costs escalating due to MEP intensity, surgical-grade build-outs, code requirements, and elevated labor/material pricing, duplicating this facility today would require a significantly higher investment—underscoring the asset’s intrinsic value relative to replacement cost.

• Private Equity Sponsorship—$2.65B - In April 2020, TSG Consumer Partners, a top-tier private equity firm, acquired a majority stake in Pathway Vet Alliance (now Thrive Pet Healthcare) from Morgan Stanley Capital Partners in a transaction valued at approximately $2.65 billion.

• Secure Financial Backing -TSG Consumer Partners (±$14 Billion of assets under management), known for backing iconic consumer-facing brands (Planet Fitness, Dutch Bros Coffee, VitaminWater, Pura Vida Miami, etc.), brought capital and strategic guidance to accelerate the company’s evolution into the nationally recognized brand it is today.

• Minimal Landlord Responsibilities - Featuring above average annual rent escalations of 2.75% and a lease structure that limits ownership obligations solely to the foundation, exterior walls, roof, and other structural components, the property offers a highly passive investment profile with consistent income growth.

• Below-Market Rent Per Square Foot Relative to Modern Medical Builds - Despite its 2018 construction and ±23,088 SF scale, The PARC’s rent per square foot remains meaningfully below that of many recently constructed veterinary hospitals and modern medical office facilities, providing investors with immediate rent defensibility and built-in upside as the lease matures.