Hoegemeyer Animal Clinic
Mission Pet Health Corp. Guaranty (900+ Locations) | NNN Lease | Renovated 2019
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Property & Lease Highlights
• Mission Pet Health Corporate Guaranty - Lease features a corporate guaranty from Mission Pet Health, a national veterinary platform with 900+ locations, formed from the 2025 merger of Southern Veterinary Partners and Mission Veterinary Partners - two of the most respected names in the industry.
• Full-Service Veterinary Hospital, Open 7 Days a Week - This veterinary hospital offers comprehensive veterinary services, including wellness and preventative care, dental surgery urgent care, pet boarding, and more. The practice was acquired by Mission Pet Health (formerly Southern Veterinary Partners) due to its exceptional performance.
• Passive Lease Structure - This NNN lease provides a passive investment vehicle for all types of investors, with minimal landlord responsibilities.
• Only AAHA-Accredited Veterinary Hospital in Kerrville - Hoegemeyer Animal Clinic is the only AAHA-accredited veterinary hospital in Kerrville, a distinction held by only a small percentage of veterinary practices nationwide. The accreditation reflects the hospital's commitment to exceptional patient care and operational excellence.
• Secure Financial Backing - Private equity firms Shore Capital Partners and Silver Lake Management merged Southern Veterinary Partners and Mission Veterinary Partners officially on July 11, 2025 in an approximately $8.6 billion deal, creating one of the largest pet-care platforms with roughly $4 billion in new equity capital to recapitalize the combined business.
• Inflationary Protected Lease - Lease features above average 2% or CPI annual rental increases, delivering stronger rent growth and inflation protection over the lease term.
Investment highlights
Tenant Highlights
• Long Term Commitment To The Site - The practice is a well-known staple throughout the Kerrville and surrounding communities, having successfully operated at this location since 1983.
• Nationwide Scale & Brand Strength - Formed by the 2025 merger of Southern Veterinary Partners and Mission Veterinary Partners, Mission Pet Health now operates over 900+ veterinary hospitals across 42+ states, supported by a large network of 20,000+ teammates.
• Robust Industry Growth - The global veterinary services market, valued at $150 billion in 2024, is projected to grow at a 8.7% CAGR from 2023 to 2030.
• Top-Ranked Workplace - Mission Pet Health has repeatedly been recognized by Newsweek as a top workplace in healthcare—ranked #1 in Healthcare and #22 overall in America’s Most Loved Workplaces 2024 and 2025.
• Key Pet Ownership Statistics In The US –
— 72% of households in the US, or 95 million households, own a pet. This increase in pet ownership trend has fueled demand for veterinary services, including preventive care, diagnostics and treatments.
— The average US dog owner spends about $2,524 per year on recurring pet costs.
— People spent $147 billion on pets in 2023, $152 billion on pets in 2024, and $158 billion in 2025.
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