Lodi Veterinary Care - Lodi, WI

JLL is pleased to exclusively offer for sale the fee-simple interest in a two-building portfolio of long-term leased Lodi Veterinary Care clinics (“LVC” or the “Tenant”) located in Lodi and Portage, WI (the “Properties” or the “Assets”) within the greater Madison MSA. LVC operates at three total locations. The Tenant is backed by AmeriVet, a leading veterinary operator with a network of over 200 clinics nationwide. The Portage location serves as Lodi’s primary wellness facility offering exams, vaccinations, and other routine care services while the Lodi location specializes in advanced surgical procedures for cattle and livestock. In 2017 the Lodi location completed its expansion to meet growing demands for veterinary services. The expansion included a new roof and HVAC systems.

Anchored by the University of Wisconsin, the Madison metropolitan area is one of the fastest growing regions in the nation due to its highly educated workforce, business climate, and affordability.

Both Properties operate on net leases with ~14.0 years of remaining term with annual rent growth between 3-5%, creating a strong hedge against inflation. After the first five years of the primary lease term, all property responsibilities become the tenant’s responsibility. This offering provides a passive opportunity for investors seeking growing, long-term cash flow with annual growth backed by a premier veterinary operator in one of the fastest growing metro regions in the nation.