Carrier Animal Hospital

• Long-Term Tenant Commitment | Lease Extended Through 2033 — The practice was acquired in 2017 by Mixed Animal Veterinary Associates North America (MAVANA), a veterinary group consisting of approximately 35 equine and mixed-animal practices. In 2020, PetVet Care Centers acquired MAVANA and assumed the existing five-year lease, which remained in place through December 31, 2021. PetVet continued operating at the location and, in August 2023, executed a lease amendment extending the firm term through December 31, 2033, further demonstrating its long-term commitment to the property.
• Built-In Rent Growth | 2% Annual Increases — The lease provides for 2% annual rental increases, generating consistent contractual income growth throughout the term. Annual base rent increases from approximately $95,433 in 2026 to $109,622 in 2033, providing investors with predictable growth in property-level cash flow.
• 50+ Years of Established Veterinary Operations — Carrier Animal Hospital has served the Grand Prairie community since 1974, representing more than five decades of veterinary operations. The practice’s longstanding history reflects an established presence within the market and a deeply rooted local patient base.
• PetVet Care Centers | 450+ Locations Nationwide — PetVet Care Centers owns and operates 450+ veterinary hospitals nationwide, combining the resources and scale of a national platform with the local expertise of individual doctors and care teams. Its strategy centers on acquiring and investing in high-performing veterinary practices while retaining legacy doctors and staff, helping preserve continuity of care, client relationships, and long-term practice stability.
• Comprehensive Veterinary Care | Advanced In-House Capabilities — Carrier Animal Hospital is a full-service veterinary hospital providing care for dogs, cats, birds, reptiles, and small mammals. Services include preventive and wellness care, internal medicine, dentistry, surgery, and urgent and emergency care during business hours. The hospital is supported by an in-house diagnostic laboratory and pharmacy, allowing for efficient patient evaluation and a broad range of treatment capabilities on-site. Carrier Animal Hospital operates six days a week, with same-day appointments available Monday through Saturday.
• Significant Long-Term Residential Growth Pipeline — Southern Grand Prairie is undergoing substantial residential expansion through multiple large-scale master-planned communities. Goodland is planned as a roughly 5,000-acre community with more than 15,000 residences and approximately 50,000 future residents, while Lakesong encompasses approximately 2,700 acres and is planned for 5,000 homes, with Phase I construction already underway. These projects position Grand Prairie for continued household growth and expanding demand for healthcare, veterinary, retail, and other essential services.
• Dense Established Trade Area | 244,000+ Residents Within Five Miles — The property is surrounded by a substantial residential base, with approximately 244,621 residents and 79,220 households within five miles as of 2025. Population within the five-mile radius is projected to approach 254,000 by 2030, supporting a large and growing customer base for veterinary and daily-needs services.
• Located Within One of the Nation’s Largest & Fastest Growing Metro Areas — The Dallas Fort Worth Arlington MSA reached approximately 8.48 million residents in 2025, adding more than 123,000 residents in one year. Continued population growth, business expansion, and job creation reinforce DFW as one of the nation’s strongest growth markets and support increasing demand for essential services, including veterinary care.
• Healthcare Real Estate | Recession-Resistant Property — Veterinary hospitals are highly sought-after investments for their resistance to economic downturns and their insulation from the e-commerce pressures affecting traditional retail properties.
• Robust Industry Growth — The global veterinary services market, valued at $156.5 billion in 2025, is projected to reach $263.1 billion by 2034, growing at a compound annual rate of 5.94%.