Highland Ventures - HVP -  Clarks Grove, MN_Property for Sale
Highland Ventures - HVP -  Clarks Grove, MN_Property for Sale

Highland Ventures - HVP - Clarks Grove, MN

28088 770th Ave, Clarks Grove, MN, 56016, US

Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer for sale the Clarks Grove Veterinary Clinic and Hospital, a freestanding veterinary clinic located at 28088 770th Ave Clarks Grove, Minnesota. This 9,468-square-foot property represents a compelling single-tenant net lease investment opportunity, generating $144,000 in net operating income at an attractive 9.25% cap rate. The property is 100% leased with approximately 1.6 years of remaining lease term, providing stable cash flow backed by a corporate guarantee from Heartland Veterinary Partners, a market-leading operator with a strong operational history at this location. Constructed in 1982 on a 1.18-acre parcel, the facility has been purpose-built for veterinary services and benefits from strategic positioning within Clarks Grove's service area. The Tenant holds 2–4-year extension options, enhancing lease security and supporting potential income stability. Strategically positioned within Minnesota's growing healthcare corridor, the property benefits from strong demographic fundamentals characterized by robust local purchasing power, enhanced connectivity via major transportation networks, and proximity to emerging area developments, supporting both current income stability and potential for future value creation through lease renewal or property enhancement opportunities. This investment offers an attractive entry point into the veterinary healthcare sector, combining immediate cash flow with long-term growth potential through anticipated lease extensions, positioning it as an ideal core asset for investors seeking portfolio diversification within the healthcare real estate segment.

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Attributes

Asking price
₫40,514,373,000
Cap rate
9.25%
NOI
₫3,739,789,000
WALT
1.6 years
Building area net
880 m²
Year built
1982
Land area gross
0.48 ha

Media

Investment Highlights


  1. Interstate 35 Access: Over 22,000+ vehicles per day (VPD)
  2. Market Exclusivity: Only veterinary clinic within 8-mile radius
  3. Pet Ownership: 65% of households within 3-mile radius own pets
  4. Household Income: $110,000+ average 1-mile household income
  5. Population Density: 1K+ residents within 3-mile radius
  6. Lease Structure: Limited landlord responsibilities (1.6 years of WALT)
Highland Ventures - HVP -  Clarks Grove, MN 4_Property for Sale
Highland Ventures - HVP -  Clarks Grove, MN 4_Property for Sale

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Highland Ventures - HVP - Clarks Grove, MN (0 Properties)

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Last updated
18 Feb 2026