Northpark Village
US - Lubbock, TX
9.439.000 € | 6.548 m²
Objektbeschreibung
JLL is pleased to offer the fee simple interest in a recently leased, single tenant CareVet Veterinarian Hospital (“CareVet” or the “Tenant”) located in West Branch, MI, the principal city of Ogemaw County. CareVet is a leading operator of 150+ independent animal hospitals across 35 states with more than 2,300 employees. For the past 47 years, the Tenant has successfully offered a wide array of veterinarian services to the West Branch community and affirmed its long-term commitment with a new 10-year lease.
Recently retrofitted for the Tenant with a rent commencement in December 2022, CareVet is operating on a new long-term net lease with 9.6 years of primary term remaining, 2.0% rent increases annually, and limited landlord responsibilities. The asset is located on a 2.4-acre site with ease of access to over 20,500 residents across the county.
This opportunity epitomizes an essential healthcare asset offering secure, long-term cash flow backed by an established veterinarian hospital operator.
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Eigenschaften
Angebotspreis
1.540.000 €
Gebäudefläche Brutto
851 m²
Vermietungsstand
100,00 %
Baujahr
2000
Grundstücksfläche Brutto
0,97 Hektar (9.712 m²)
Rendite
7,25 %
NOI
112.000 €
Medien
Investment-Highlights
ESTABLISHED VETERINARIAN OPERATOR WITH LIMITED LOCAL COMPETITION
- Leading operator of 150+ veterinary hospitals across 35+ states with more than 2,300 employees.
- 47-year history serving the West Branch, MI community and one of only three vet hospitals across the entire county.
RAPIDLY GROWING VETERINARIAN SERVICES INDUSTRY
- $61.8 billion industry revenue growing more than 53.3% since 2010.
- 23.0 million U.S. households purchased a new pet between 2020 and 2021.
- Industry revenue is forecasted to grow over 6.1% to $65.6 billion by 2029.
PREMIER PRIVATE EQUITY SPONSOR WITH A TALENTED MANAGEMENT TEAM
- CareVet’s private equity sponsor, Compass Group Equity Partners, is an industry leader with 50+ lower middle-market transactions valued at more than $1 billion.
- Experienced investment manager with considerable knowledge and resources focused on creating long-term value within the healthcare sector.
OPTIMAL LONG-TERM NET LEASE WITH LIMITED LANDLORD RESPONSIBILITIES
- 9.6 years of lease term remaining with 2.0% rent escalations annually including three, five-year renewal options offers a secure and growing income stream to hedge against inflation.
Makler kontaktieren
CareVet Veterinarian Hospital (0 Objekte)
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Zuletzt aktualisiert
22. Feb. 2023
