VCA Spooner Veterinary Hospital

• The tenant has operated the practice since 2011 and recently exercised its third 5-year renewal option, extending the lease term through December 1, 2031. This renewal demonstrates the tenant’s long-term commitment to the location and its confidence in the hospital’s continued success.
• VCA Spooner Veterinary Hospital is a full-service veterinary practice providing complete care for pets at every stage of life. Services range from wellness exams, vaccinations, parasite control, and nutritional counseling to canine and feline diabetes management, along with specialized care in dermatology, ophthalmology, and reproductive services. The hospital also offers advanced diagnostic and treatment capabilities, including digital radiology, in-house laboratory and pharmacy services, anesthesia, dental care, general and soft tissue surgery, spays and neuters, and pet boarding, providing pet owners with a trusted, one-stop destination for their pets’ health needs.
• VCA Spooner Veterinary Hospital is the only veterinary hospital in Spooner and the sole provider of veterinary care for thousands of pet-owning households in the community. With no direct competition and strong local demand, the hospital serves as an essential healthcare resource that area pet owners depend on daily.
• Founded in 1964, the hospital has served the Spooner community for more than 60 years, establishing itself as a trusted institution for veterinary care among generations of pets and their families.
• The hospital is staffed by four full-time veterinarians, reflecting both the depth of services offered and the strength of consistent patient demand.
• The lease features 2% annual rental increases, providing a future owner with steadily growing cash flow and a reliable hedge against inflation throughout the life of the investment.
• With no renewal options remaining, a future landlord will have the opportunity to negotiate new lease terms at market rent upon expiration. This presents an attractive opportunity for value enhancement and long-term income growth at the only animal hospital in Spooner.
• VCA Animal Hospitals is one of the nation’s largest veterinary healthcare providers and a member of Mars Veterinary Health, one of the world’s largest veterinary care organizations, operating more than 1,000 veterinary hospitals and pet care facilities across the United States and Canada.
• As the largest community in Washburn County, Spooner serves as the area’s center for healthcare, retail, and government services, anchored by Spooner Health hospital and the commercial corridor along Highway 63. Residents of surrounding towns, including Shell Lake, Trego, and Minong, travel to Spooner for essential services, positioning the hospital as the natural destination for veterinary care throughout the county.
• Veterinary hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
• Pet hospitals rarely relocate due to difficulty retaining the same patients in a new location and the high costs associated with moving and buildouts.
• 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%.