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Single-Tenant Office Medical

NVA Animal Hospital - Grand Rapids MSA | STNL Healthcare

6273 W River Dr NE, Plainfield charter Township, MI 49306

Listing Price: $1,102,000

Cap Rate
8.50%
Tenant Name
National Veterinary Associates (NVA)
Years Remaining On Lease
3.0
Guarantor
Corporate Guarantee
Rentable SF
4,304
Lease Type
Double Net
Rent Per Square Feet
$21.75

Investment Overview

Marcus & Millichap is Pleased to Present The Great Lakes Hospital for Animals, Located in Belmont Michigan (Grand Rapids MSA). The Single Tenant Animal Hospital is 100 Percent Leased to National Veterinary Associates (NVA). NVA has Practiced in Belmont Since 2019, and has 3.3 Years Remaining on the Lease, with Two, Five 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 $50 Billion Assets Under Management. The Great Lakes Hospital for Animal has Served the Belmont MI Community for Over 34 Years. Five Practicing Veterinarians and 18 Team Members Provide Services Including: Surgery, General Wellness, Diagnostic Services, Travel Certificates, End of Life Care, Accreditations & Certifications, Dentistry, Vaccinations, Microchipping, Radiography, Spay/Neuter and more.

Investment Highlights

  • Tenant "NVA" has Over 1,400 Locations Internationally (United States, Canada, Australia, New Zeeland)
  • Lease Features Annual CPI Increases, Offering Investor a Strong Hedge Against Inflation – No Cap on CPI %
  • GRAND RAPIDS MSA - Densely Populated and Affluent Area: Features an Average Household Income of $98k Plus within a Two-Mile Radius and 338k Plus People Residing within 10 Miles
  • Historical Occupancy - The Great Lakes Hospital for Animals has Practiced at this Location in Belmont Michigan Since 1988

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Single-Tenant Office Medical

NVA Animal Hospital - Grand Rapids MSA | STNL Healthcare

Listing Price: $1,102,000

Cap Rate
8.50%
Tenant Name
National Veterinary Associates (NVA)
Years Remaining On Lease
3.0
Guarantor
Corporate Guarantee
Rentable SF
4,304
Lease Type
Double Net
Rent Per Square Feet
$21.75

Investment Highlights

  • Tenant "NVA" has Over 1,400 Locations Internationally (United States, Canada, Australia, New Zeeland)
  • Lease Features Annual CPI Increases, Offering Investor a Strong Hedge Against Inflation – No Cap on CPI %
  • GRAND RAPIDS MSA - Densely Populated and Affluent Area: Features an Average Household Income of $98k Plus within a Two-Mile Radius and 338k Plus People Residing within 10 Miles
  • Historical Occupancy - The Great Lakes Hospital for Animals has Practiced at this Location in Belmont Michigan Since 1988

Investment Overview

Marcus & Millichap is Pleased to Present The Great Lakes Hospital for Animals, Located in Belmont Michigan (Grand Rapids MSA). The Single Tenant Animal Hospital is 100 Percent Leased to National Veterinary Associates (NVA). NVA has Practiced in Belmont Since 2019, and has 3.3 Years Remaining on the Lease, with Two, Five 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 $50 Billion Assets Under Management. The Great Lakes Hospital for Animal has Served the Belmont MI Community for Over 34 Years. Five Practicing Veterinarians and 18 Team Members Provide Services Including: Surgery, General Wellness, Diagnostic Services, Travel Certificates, End of Life Care, Accreditations & Certifications, Dentistry, Vaccinations, Microchipping, Radiography, Spay/Neuter and more.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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