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Single-Tenant Office Medical

NVA Animal Hospital - Wichita KS | 8 YR STNL

12412 W Kellogg Ave, Wichita, KS 67235

Listing Price: $2,114,000

Cap Rate
6.50%
Tenant Name
National Veterinary Associates (NVA)
Years Remaining On Lease
7.9
Guarantor
Corporate Guarantee
Rentable SF
6,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.90

Investment Overview

Marcus & Millichap is Pleased to Present The Prairie Ridge Animal Hospital, Located in Wichita Kansas. The Single Tenant Facility is 100 Percent Leased to National Veterinary Associates (NVA). NVA has Practiced in Wichita Since 2021, and has 8 Years Remaining on the Lease, with 3, 5 Year Renewal Options. Since COVID-19, Studies Show Over 23 Million American Households got Pets. Veterinary Practices were Deemed Essential Through the Pandemic and Continue to Grow as Safe and Secure Investments. NVA was Founded in 1996, and Currently have Over 1,400 Veterinary Locations Internationally. NVA is Majority Owned by Private Equity Group Jab Holding Company, who has 199 Years of Investing Experience and Over $60 Billion Assets Under Management. The Prairie Ridge Animal Hospital has Served the Wichita Kansas Community for Almost 10 Years, Four of Those Years in Their 2018 State-of-the-Art Facility. Four Practicing Veterinarians and 17 Team Members Provide Services Including: Surgery, General Wellness, Diagnostic Services, Reproduction Services, Holistic & Therapy Services, Hospitality Services, Travel Certificate Services, End of Life Care and more.

Investment Highlights

  • Tenant "NVA" has Over 1,400 Locations Internationally (United States, Canada, Australia, New Zeeland)
  • Triple Net Lease (NNN) Offers Landlord Minimal Responsibility in 2018 Developed Building
  • Lease Features Annual Increases. Year One-Three Fixed Increase of $11,450. Commencing Year Four is Annual CPI Increases
  • Densely Populated and Affluent Area: Features an Average Household Income of $106k within a Two Mile Radius and 280k+ People Residing within 10 Miles

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Single-Tenant Office Medical

NVA Animal Hospital - Wichita KS | 8 YR STNL

Listing Price: $2,114,000

Cap Rate
6.50%
Tenant Name
National Veterinary Associates (NVA)
Years Remaining On Lease
7.9
Guarantor
Corporate Guarantee
Rentable SF
6,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.90

Investment Highlights

  • Tenant "NVA" has Over 1,400 Locations Internationally (United States, Canada, Australia, New Zeeland)
  • Triple Net Lease (NNN) Offers Landlord Minimal Responsibility in 2018 Developed Building
  • Lease Features Annual Increases. Year One-Three Fixed Increase of $11,450. Commencing Year Four is Annual CPI Increases
  • Densely Populated and Affluent Area: Features an Average Household Income of $106k within a Two Mile Radius and 280k+ People Residing within 10 Miles

Investment Overview

Marcus & Millichap is Pleased to Present The Prairie Ridge Animal Hospital, Located in Wichita Kansas. The Single Tenant Facility is 100 Percent Leased to National Veterinary Associates (NVA). NVA has Practiced in Wichita Since 2021, and has 8 Years Remaining on the Lease, with 3, 5 Year Renewal Options. Since COVID-19, Studies Show Over 23 Million American Households got Pets. Veterinary Practices were Deemed Essential Through the Pandemic and Continue to Grow as Safe and Secure Investments. NVA was Founded in 1996, and Currently have Over 1,400 Veterinary Locations Internationally. NVA is Majority Owned by Private Equity Group Jab Holding Company, who has 199 Years of Investing Experience and Over $60 Billion Assets Under Management. The Prairie Ridge Animal Hospital has Served the Wichita Kansas Community for Almost 10 Years, Four of Those Years in Their 2018 State-of-the-Art Facility. Four Practicing Veterinarians and 17 Team Members Provide Services Including: Surgery, General Wellness, Diagnostic Services, Reproduction Services, Holistic & Therapy Services, Hospitality Services, Travel Certificate Services, End of Life Care and more.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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