Full-Service Veterinary & Specialty Hospital – This facility provides a comprehensive range of services including 24/7 emergency and critical care, specialty care (surgery, imaging, endoscopy, ophthalmology), primary & preventive care (wellness, dentistry, grooming, vaccinations), and diagnostics & inpatient services (lab, pharmacy, ICU, isolation).
Over 75 Years of Trusted Service – Founded in 1949, this practice is a well-known staple in the Springfield community and reflects its longstanding commitment to provide high quality pet care to pets and their families.
NNN Lease – This NNN lease provides an extremely passive, hands-off investment, with the landlord solely being responsible for the foundation and structure of the building.
Scheduled Rental Increases – The lease features 2% annual rental increases, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.
Corporate Guaranty – The lease features a corporate guaranty from VCA, the largest operator of veterinary hospitals across the United States, supporting over 1,000 practices nationwide.
Private Equity Sponsorship – Mars, Inc. is a privately held multinational corporation generating more than $50 billion in annual revenue, with a diverse portfolio that includes pet care, veterinary services, food, and confectionery. Ranked as the fourth largest privately held company in the United States, Mars strengthened its position in animal health with the $9.1 billion acquisition of VCA Animal Hospitals in 2017, creating one of the nation’s largest veterinary platforms and reinforcing its reputation as a premier healthcare investor.
Tenant Capital Improvements – Since acquiring the business in 2009, VCA has invested well over $1,000,000 in comprehensive interior renovation of both the hospital and on-site kennel.
Below Market Rent – VCA is currently paying rent at $13.73 per square foot, well below the market rate, presenting a significant future upside to increase rents.