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Single-Tenant Office Medical

Village Animal Clinic | CVP

9044 FL A1AAlt, Palm Beach Gardens, FL 33403

Listing Price: $2,045,000

Cap Rate
6.75%
Tenant Name
Community Veterinary Partners
Years Remaining On Lease
4.0
Guarantor
Corporate Guarantee
Rentable SF
6,535
Lease Type
Double Net
Rent Per Square Feet
$21.12

Investment Overview

Marcus & Millichap is pleased to present The Village Animal Clinic, located in North Palm Beach,
Florida. The Village Animal Clinic is 100% leased to National Veterinary Firm, Community Veterinary
Partners (CVP). CVP has practiced in North Palm Beach since 2017, and has 4.1 years remaining on
the lease, with two, 5-year renewal options. Since COVID-19, studies show over 23 million American
households obtained pets. Veterinary practices were deemed essential through the pandemic and
continue to grow as safe and secure investments. CVP was founded in 2009, and currently has over
125 veterinary locations in 17+ states. CVP is owned by private equity group OMERS, who invests in
multiple sectors such as Healthcare, Business Services, Industrials and Software. OMERS Private
Equity currently has over $23.2 billion assets under management and owns other large-name
companies such as Caliber Collision, Gastro Health, Network Plus and more. The Village Animal
Clinic has served North Palm Beach for over 25 years and currently has three practicing veterinarians
offering services including wellness exams, preventative care/vaccinations, dermatology/allergy
testing, dentistry, therapeutic laser treatment, doggie daycare, surgery, internal medicine and more.
The Village Animal Clinic strategically sits on State Highway 811 which has an annual average traffic
count of 22,428 vehicles per day. Neighboring properties include national tenants such as Chic-Fil-A,
Dunking Donuts, KFC, Marathon, CVS, Panera Bread, La Fitness, Target, Starbucks, Hobby Lobby
and Staples.

Investment Highlights

  • Tenant "CVP" has Grown to Over 125 Hospital Locations Throughout 17 State Since 2009 - Earning Their Spot as the 12th Largest Veterinary Consolidator in the United States
  • Lease Features Two Percent Annual Rent Increases, Offering Landlord a Strong Hedge Against Inflation
  • Double Net (NN) Lease Offers New Landlord Minimal Responsibilities on Facility - New Roof in 2020 and Parking Lot Re-Paved/Painted in 2022
  • Lease Features Corporate Guarantor from Community Veterinary Partners LLC
  • The Village Animal Clinic has Served North Palm Beach for Over 25 Years

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Single-Tenant Office Medical

Village Animal Clinic | CVP

Listing Price: $2,045,000

Cap Rate
6.75%
Tenant Name
Community Veterinary Partners
Years Remaining On Lease
4.0
Guarantor
Corporate Guarantee
Rentable SF
6,535
Lease Type
Double Net
Rent Per Square Feet
$21.12

Investment Highlights

  • Tenant "CVP" has Grown to Over 125 Hospital Locations Throughout 17 State Since 2009 - Earning Their Spot as the 12th Largest Veterinary Consolidator in the United States
  • Lease Features Two Percent Annual Rent Increases, Offering Landlord a Strong Hedge Against Inflation
  • Double Net (NN) Lease Offers New Landlord Minimal Responsibilities on Facility - New Roof in 2020 and Parking Lot Re-Paved/Painted in 2022
  • Lease Features Corporate Guarantor from Community Veterinary Partners LLC
  • The Village Animal Clinic has Served North Palm Beach for Over 25 Years

Investment Overview

Marcus & Millichap is pleased to present The Village Animal Clinic, located in North Palm Beach, Florida. The Village Animal Clinic is 100% leased to National Veterinary Firm, Community Veterinary Partners (CVP). CVP has practiced in North Palm Beach since 2017, and has 4.1 years remaining on the lease, with two, 5-year renewal options. Since COVID-19, studies show over 23 million American households obtained pets. Veterinary practices were deemed essential through the pandemic and continue to grow as safe and secure investments. CVP was founded in 2009, and currently has over 125 veterinary locations in 17+ states. CVP is owned by private equity group OMERS, who invests in multiple sectors such as Healthcare, Business Services, Industrials and Software. OMERS Private Equity currently has over $23.2 billion assets under management and owns other large-name companies such as Caliber Collision, Gastro Health, Network Plus and more. The Village Animal Clinic has served North Palm Beach for over 25 years and currently has three practicing veterinarians offering services including wellness exams, preventative care/vaccinations, dermatology/allergy testing, dentistry, therapeutic laser treatment, doggie daycare, surgery, internal medicine and more. The Village Animal Clinic strategically sits on State Highway 811 which has an annual average traffic count of 22,428 vehicles per day. Neighboring properties include national tenants such as Chic-Fil-A, Dunking Donuts, KFC, Marathon, CVS, Panera Bread, La Fitness, Target, Starbucks, Hobby Lobby and Staples.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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