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.