Lodi Veterinary Care - Lodi, WI_Property for Sale
Lodi Veterinary Care - Lodi, WI_Property for Sale
705 North Main Street, Lodi, WI, 53555, US

Lodi Veterinary Care - Lodi, WI

Asset Description

JLL is pleased to exclusively offer for sale the fee-simple interest of the long-term leased Lodi Veterinary Care clinic (“LVC” or the “Tenant”) located in Lodi, WI (the Propertyor the Asset) within the greater Madison MSA. The Tenant is backed by AmeriVet, a leading veterinary operator with a network of over 200 clinics nationwide. LVC operates at three total locations, with this location specializes in advanced surgical procedures for cattle and livestock. In 2017 the Property 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.

The Tenant operates on a net lease 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.

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Attributes

Building area net
2,648 m²
Occupancy
100%
WAULT
13.5 years
Annual escalation
Fixed

Media

Investment Highlights

  • IMMEDIATE N MAIN ST, AND US HWY 5 ACCESS WITH EXPOSURE TO 18,000+ VPD
  • ROUGHLY 30-MINUTE DRIVE TO DOWNTOWN MADISON 
  • CORPORATELY GUARANTEED BY NATIONAL VET OPERATOR WITH 200+ LOCATIONS
  • 25% MADISON POPULATION GROWTH SINCE 2010
  • NET LEASE WITH 3-5% ANNUAL INCREASES AND 14-YEARS OF REMAINING TERM
  • ABSOLUTE NET LEASE STRUCTURE AFTER YEAR 5
  • RECENT RENOVATIONS INCLUDE NEW HVAC AND ROOF IN THE LAST 5 YEARS
Lodi Veterinary Care - Lodi, WI 4_Property for Sale

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Lodi Veterinary Care - Lodi, WI (0 Properties)

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Last updated
26 Nov 2024