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33341147
33341148

6 Locations

KH
TX TX 755222
JLL Austin
AS
IL 475.170243
JLL Chicago | Americas Headquarters
Listed by JLL Austin, JLL Chicago | Americas Headquarters
$8,974,000
0 days on market
Updated 0 days ago
Opportunity zone

American Veterinary Group Portfolio

Details
Property Type Retail
Sub Type Veterinary
Square Footage 37,489
Cap Rate 6.65%
NOI $595,091
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 07/31/2033
Remaining Term 7.2
Rent Bumps Yes
Lease Options Four (4) five-year renewal options
Price per SqFt $239
Buildings 6
Acreage 11.010
Investment Type Net Lease
Ground Lease No

Retail | 6.65% CAP | 37,489 SqFt

Marketing description

JLL Capital Markets, as exclusive advisor, is pleased to present for sale the American Veterinary Group Portfolio (the "Portfolio" or "Offering") — a six-property, 37,489-square-foot collection of mission-critical veterinary medical real estate located across the high-growth Florida (5) and North Carolina (1) markets. The Portfolio is 100% leased to American Veterinary Group ("AVG" or the "Tenant"), one of the nation's leading companion-animal hospital platforms, under a single absolute-NNN master lease jointly and severally guaranteed by three AVG operating entities and sponsored by Oak Hill Capital, a premier middle-market private equity firm.

The Offering delivers ±7.5 years of weighted-average lease term, four (4) five-year renewal options, and annual rental escalations of the lesser of 2.0% or 1.25x CPI — providing investors with truly passive, contractually growing cash flow insulated from inflation. With zero landlord responsibilities for roof, structure, taxes, or insurance, the Portfolio represents a coupon-clipping investment underpinned by one of the most defensive segments in U.S. healthcare real estate.

Portfolio-level rent coverage of 9.6x reflects exceptional store-level profitability and meaningfully reduces tenant credit risk. Five of the six locations sit in Florida MSAs experiencing population growth materially in excess of the national average — including Haines City (+41% since 2020) and New Port Richey (+15%) — while the North Carolina asset is located in a high-income trade area within the Charlotte MSA.

Investment highlights

  • Absolute-NNN Master Lease with Joint & Several Guaranty
  • High-Growth Sun Belt Footprint
  • Durable, Contractually Growing Cash Flow
  • Exceptional Unit-Level Rent Coverage
  • Institutional-Grade Tenancy with Premier PE Sponsorship

Listing Contacts

KH
TX TX 755222
JLL Austin
AS
IL 475.170243
JLL Chicago | Americas Headquarters
Listed by JLL Austin, JLL Chicago | Americas Headquarters

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$595,091.00
$49,590.92/mo

Valuation Metrics

0
DSCR
6.63%
Cap Rate
6.63%
ROI

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