VCA Animal Hospital
Retail | 7.00% Cap Rate | 4,557 Sq Ft
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in a VCA Animal Hospital located at 108 Shaker Road in East Longmeadow, Massachusetts (the “Property”). The single tenant building contains 4,557 square feet on a 0.42-acre parcel. The tenant has operated at this location since 2006 and just exercised a five-year renewal option, demonstrating their commitment to the site and the market. The lease has over 5 years of term remaining with one (1), 5-year renewal option. The lease calls for attractive 2% annual rent increases throughout the primary lease term and the renewal options.
The Property is strategically positioned along Shaker Road, a key commercial and commuter corridor serving East Longmeadow and the surrounding communities. Located just moments from the town’s rotary-style center and primary retail cluster, the site benefits from close proximity to grocers, national and local retailers, restaurants, and a nearby industrial district that collectively generate consistent daily traffic.
The Property is also surrounded by established residential neighborhoods and area schools, supporting a reliable built-in customer base. In addition, the location offers convenient access to MA Routes 83 and 186, US Route 5, and Interstate 91, providing efficient connectivity to Springfield, Holyoke, Northampton, and the greater Hartford market.
Investment highlights
SITE COMMITMENT & LEASE TERM: VCA Animal Hospital has been at this location since 2006, originally occupying 2,537 square feet in the building. VCA Animal Hospital expanded into the remainder of the building in 2016 and paid for the build-out of the additional space. Additionally, VCA Animal Hospital just exercised a renewal option, demonstrating their commitment to this site and market. VCA Animal Hospitals has over 5 years of term remaining on the lease followed by one (1), 5-year renewal option.
ATTRACTIVE RENT INCREASES: The VCA Animal Hospital lease features attractive 2% annual rent increases throughout the primary lease term and the renewal option, providing the investor with an attractive hedge against inflation.
STRONG OPERATOR: VCA Animal Hospitals is one of the largest and most established veterinary care providers in North America, operating a comprehensive network of more than 1,000 animal hospitals across the United States and Canada. The company delivers full-service veterinary care, including general practice, specialty, and emergency services, supported by standardized clinical protocols and advanced medical technology. VCA is a subsidiary of Mars Inc., a global leader in petcare, providing substantial financial resources, operational infrastructure, and long-term strategic backing. This institutional ownership and national scale position VCA as a highly stable and growth-oriented operator within the veterinary services sector.
MINIMAL LANDLORD RESPONSIBILITIES: The VCA Animal Hospital is responsible for all operating expenses at the Property, fully reimbursing for real estate taxes and insurance, and directly paying for common area maintenance, utilities, and HVAC repairs. The landlord is responsible for roof and structure.
STRATEGIC LOCATION: The Property is well located along Shaker Road (MA Route 220), a primary commercial and commuter corridor serving East Longmeadow and the surrounding communities. Positioned within seconds of the rotary style Town Center, and the town’s primary retail concentrations, the site benefits from convenient access to grocers, national and local retailers and restaurants, and an industrial district that drive consistent traffic to the area. The Property is also surrounded by area schools and residential neighborhoods that provide a built-in client base. Additionally, the location offers direct connectivity to MA Routes 83 and 186 as well as US Route 5 and Interstate 91, providing efficient access to Springfield, Holyoke, Northampton, and the greater Hartford market.
RECESSION & E-COMMERCE RESISTANT TENANT: The pet care and pet lodging industries are experiencing significant growth with the U.S. pet care market expected to reach $116.14 billion by 2032. This expansion is fueled by the growing awareness of animal welfare, the availability of diverse pet care products, and the increasing tendency of pet owners to treat their pets as family members. The veterinary industry has shown to be stable across economic cycles with inelastic demand and essential services that require in-person assessment and treatment. With strong area demographics, the need for brick-and mortar veterinary buildings will continue to increase. This industry is largely unaffected by recessions and the need for personal interaction and specific medical aids cannot be satisfied through e-commerce.
TRADE AREA: Additional retailers in the surrounding trade area include Stop & Shop, Big Y, HomeGoods, Ace Hardware, Napa, Petco, Crunch Fitness, CVS, Walgreens, 99 Restaurants, Panera, Chipotle, Starbucks, Chase Bank, Beacon Bank, Liberty Bank, and PeoplesBank.
TRAFFIC COUNTS: Over 10,000 vehicles pass by the Property each day along Shaker Road (MA Route 220).
DEMOGRAPHICS: Over 57,900 people live within 3 miles of the Property with an average household income of $135,310. More than 163,900 people live within 5 miles of the Property with an average household income of $109,394.
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