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S 1st St, Hiawatha, KS, 66434

Nek Veterinary Services Group

$475,000

Key Information

Cap Rate
9.25%
$ per SF
$69
Tot. SF
6,800
Term Remaining
± 11.39 Years
Type
Healthcare
Occupancy
100%
NOI
$43,937

Highlights

• There are over 11 years remaining on the lease, with two five-year options to extend, providing a future owner with long-term income stability.
• NEK Veterinary Services is a full-service animal hospital in Hiawatha, KS, providing wellness exams, vaccinations, dental care, spay/neuter, parasite prevention, deworming, and microchipping, along with routine pet surgery and anesthesia. The hospital also offers advanced surgery, including orthopedic procedures such as cruciate ligament repair, soft tissue surgeries such as mass removals, and emergency surgical intervention, supported by pre-surgical diagnostics and personalized post-operative recovery plans. Additional services include an in-house pharmacy and medical grooming, giving pet owners a trusted destination for both routine and advanced care.
• NEK Veterinary Services is the only animal hospital in Hiawatha treating both large animals/livestock and companion animals, and the only local provider offering 24-hour hospitalization and emergency stabilization. This supply-constrained position, paired with a multi-doctor team and advanced diagnostic capabilities, makes the asset difficult to replicate or displace.
• The lease is guaranteed by AmeriVet Veterinary Partners, one of the fastest-growing veterinary consolidators, operating over 200 hospital locations across the United States and backed by AEA Investors.
• The lease features 2.5% annual rental increases, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.
• The property sits roughly 18 miles south of the Nebraska border and 40 miles west of the Missouri border, with convenient access to Interstates 29 and 70, and is within 41 miles of St. Joseph, Missouri, and approximately 92 miles of Kansas City.
• The hospital is staffed by a team of four full-time veterinarians, reflecting both the depth of services offered and the strength of patient demand.
• Brown County’s economy is rooted in farming and ranching, generating consistent, non-discretionary demand for large-animal veterinary services that is largely insulated from retail and e-commerce disruption.
• Veterinary hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
• 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%.

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Location

Agents

Broker of Record

Kyle Matthews

License # 239429, #CO00002672 (KS)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203