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32614173
32621987

2 Locations

CD
CA CA - 02237200
Matthews
AE
CA - 0255475, (CA) -02055475
Matthews
MM
CA CA 01982943
Matthews
RC
CA 01986299
Matthews
Listed by Matthews
$1,792,000
4 days on market
Updated 4 days ago
Opportunity zone

AmeriVet Veterinary Partners Portfolio

Details
Property Type Office
Sub Type Medical Office, Veterinary (+1)
Square Footage 10,408
Cap Rate 9.06%
NOI $162,343
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 12/16/2028
Remaining Term 2.6
Rent Bumps Yes
Lease Options 2, 5-Year
Price per SqFt $172
Buildings 2
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/17/2018
Sale Condition For sale by owner

9% Cap Rate | 3% Annual Increases | 200+ Unit Operator

Investment highlights

Comprehensive Services | Multi-Doctor Location

The 2nd Avenue Animal Hospital provides a comprehensive range of services including wellness examinations, vaccinations, general surgery, pet medicine, digital radiology, laser therapy, dental care, and geriatric care.

Sister Pet Resort | Less Than 1 Mile Away

Situated just 0.9 miles from the animal hospital, The 2nd Home Pet Resort provides boarding, daycare, grooming, and pet sitting, offering seamless access for hospital clients.

National Veterinary Platform | AmeriVet Veterinary Partners

AmeriVet Veterinary Partners owns and operates over 200 veterinary hospitals across 35 states, preserving each practice's local identity and clinical independence while providing the resources of a growing national network. Their partnership-driven approach supports doctor retention, strengthens community ties, and promotes long-term tenant stability.

Scheduled Rental Increases

The leases feature 3% annual rental increases, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.

High-Traffic Locations | Direct Street Frontage

Strategically positioned along 2nd Avenue and River Road, both facilities offer exceptional visibility and direct street frontage on two of the area's busiest corridors, with traffic counts exceeding 22,000 and 10,000 vehicles per day, respectively.

Favorable Demographics

Both facilities cater to more than 140,000 residents within a 5-mile radius with average household incomes exceeding $80,000.

Military-Driven Demand | Built-In Client Pipeline

Fort Moore (formerly Fort Benning) is the largest single-site employer in the state of Georgia, with over 125,000 connected military personnel, families, and retirees in the region. Military households are among the highest-frequency users of boarding, daycare, and veterinary services due to deployments, training rotations, and relocations, providing a consistent and self-replenishing source of demand.

Established Trade Area | Built-In Patient Base

Both properties are situated within a well-established commercial and residential corridor supported by strong institutional and retail presence. Major area drivers include St. Francis–Emory Healthcare, Piedmont Columbus Regional, Peachtree Mall, Walmart Supercenter, Target, The Home Depot, The Fresh Market, Columbus Airport, and Columbus State University, all within a 4-mile radius. The surrounding trade area is further anchored by Hardaway High School and Columbus High School, reinforcing the corridor's family-oriented demographic profile. Over 51% of Georgia households own at least one pet, and the average pet owner spends nearly $1,900 annually on care. The dense single-family neighborhoods surrounding these properties represent the highest-demand segment for veterinary services.

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.

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 buildouts.

Robust Industry Growth

The global veterinary services market, valued at $156.5 billion in 2025, is projected to reach $263.1 billion by 2034, growing at a compound annual rate of 5.94%.

Listing Contacts

CD
CA CA - 02237200
Matthews
AE
CA - 0255475, (CA) -02055475
Matthews
MM
CA CA 01982943
Matthews
RC
CA 01986299
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$162,343.00
$13,528.58/mo

Valuation Metrics

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DSCR
9.06%
Cap Rate
9.06%
ROI

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Additional Information

Name
Maxx Bauman
License
440007
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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