111 Ebenezer Rd, Greer, SC, 29651
Rocky Creek Veterinary Hospital and Pet ResortKey Information
Highlights
Comprehensive Services | Multi-Doctor Location: Rocky Creek Veterinary Hospital and Pet Resort offers a wide range of services, including wellness exams, vaccinations, microchipping, dentistry, diagnostic services, ultrasound, soft tissue surgery, spay & neuter, laser therapy, as well as boarding, grooming, and doggie day camp.
Stable Long-Term Investment | Options to Extend: There are just under 12 years remaining on the lease with two, five-year options to extend.
Zero Landlord Responsibilities: The tenant is fully responsible for all repairs and replacements, resulting in a completely passive, hands-off investment with no landlord capital obligations for the duration of the lease.
Scheduled Rental Increases | Hedge Against Inflation: The lease features the greater of 2.5% or CPI annual rental increases, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.
Recent Capital Improvement: In 2019, ownership constructed a brand-new pet resort from the ground up for a total cost of $2,500,000.
Corporate Guaranty: The lease features a corporate guaranty from American Veterinary Group, a national veterinary platform with 180+ locations across 13 states.
Private Equity Sponsorship | Oak Hill Capital: Oak Hill Capital is a longstanding private equity firm that has been investing in the North American middle market since 1986, with over $14.4 billion in assets under management. In February 2021, Oak Hill announced its investment and partnership with American Veterinary Group, strengthening AVG’s growth trajectory and providing significant resources to expand its network of veterinary hospitals across the United States.
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