Fort Worth Veterinary Specialty & Emergency Hospital

• Dallas Veterinary Surgical Center | Premier Surgical Referral Center — The Property’s anchor practice, Dallas Veterinary Surgical Center (DVSC), is leased to Ethos Veterinary Health, National Veterinary Associates’ specialized network of more than 140 specialty and emergency veterinary hospitals across North America.
• Veterinary Specialists of North Texas | Advanced Specialty & Oncology Center — Veterinary Specialists of North Texas (VSNT) delivers board-certified internal medicine, medical oncology, and radiation oncology for complex, high acuity cases. The practice operates an on-site, CT-guided linear accelerator, a multi-million dollar investment in equipment and radiation-shielded buildout found in only a small number of veterinary facilities nationwide.
• Fort Worth Animal Emergency Hospital | 24/7/365 Emergency & Critical Care — Fort Worth Animal Emergency Hospital provides continuous emergency and critical care 24 hours a day, 365 days a year. The practice has maintained accreditation from the American Animal Hospital Association (AAHA) since 1999, a distinction earned by fewer than 15% of veterinary practices and widely regarded as the highest standard of excellence in veterinary medicine.
• ±9 Years of WALT | Contractual Rent Growth — The Property benefits from approximately nine years of weighted average lease term remaining, with all three tenants committed through mid-2035. Scheduled 2030 rent increases grow aggregate annual base rent from $723,600 to $791,106, a 9.3% step that provides both long term income visibility and built-in growth.
• High Revenue Specialty & Emergency Operating Model — Operations are concentrated in higher acuity, referral driven services, including specialty surgery, oncology, radiation therapy, emergency care, advanced diagnostics, and hospitalization. These cases command significantly higher revenue than routine general practice medicine, and demand is largely non-discretionary, as urgent and life threatening care cannot be deferred.
• Tenant Investment in Location | High Barriers to Replacement — Veterinary hospitals rarely relocate given the difficulty of retaining patients and referral relationships at a new address and the substantial cost of rebuilding clinical space. All three practices have operated from the campus for over a decade with leases extended through 2035.
• Robust Industry Growth — The global veterinary services market, valued at $156.3 billion in 2025, is projected to reach $292.8 billion by 2033, growing at a compound annual rate of 8.1%, with North America representing the largest regional market.