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Single-Tenant Office Medical

NVA Animal Hospital - STNL Healthcare

83 Skyview Dr, Chesterfield, IN 46017

Listing Price: $1,652,000

Cap Rate
8.00%
Tenant Name
National Veterinary Associates | NVA
Years Remaining On Lease
4.3
Guarantor
Subsidiary of a Corporation
Rentable SF
3,693
Lease Type
Double Net
Rent Per Square Feet
$35.78

Investment Overview

Marcus & Millichap is Pleased to Present The Chesterfield Animal Hospital, Located in Chesterfield Indiana. The Single Tenant Animal Hospital is 100 Percent Leased to the National Veterinary Leader “NVA”. NVA has Practiced in Chesterfield Since 2018, and has 4.58 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 1,500 Veterinary Locations in the World. NVA is Majority Owned by Private Equity Firm Jab Holding Company, who has 199 Years of Investing Experience and Over $50 Billion Assets Under Management. NVA Chesterfield has 2 Practicing Veterinarians and 8 Team Members that Provide a Wide Range of Services for Patience Including General Wellness, Diagnostic Services, Surgical Services, Special Health Services, Reproductive Services, Holistic/Therapy Services, End of Life Care and more. Within a Two Mile Radius, the Median Home Value is Over $125K and More than 107K People Reside Within a 10 Mile Radius. The 1973 Developed Facility Stands at 3,693 Square Feet and has Recently Received New HVAC Units Within the Last Two Years.

Investment Highlights

  • Tenant "NVA" has Over 1,500 Locations Internationally (United States, Canada, Australia, New Zealand)
  • Historical Occupancy: The Chesterfield Animal Hospital has Practiced for Over 49 Years. Founded in 1973
  • Lease Features Annual CPI Rental Increase, Offering Investor an Above Average Hedge Against Inflation
  • Local Demographics Feature an Average Household Income of $71K within a Two Mile Radius and Over 56K People Reside within a Five Mile Radius

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Single-Tenant Office Medical

NVA Animal Hospital - STNL Healthcare

Listing Price: $1,652,000

Cap Rate
8.00%
Tenant Name
National Veterinary Associates | NVA
Years Remaining On Lease
4.3
Guarantor
Subsidiary of a Corporation
Rentable SF
3,693
Lease Type
Double Net
Rent Per Square Feet
$35.78

Investment Highlights

  • Tenant "NVA" has Over 1,500 Locations Internationally (United States, Canada, Australia, New Zealand)
  • Historical Occupancy: The Chesterfield Animal Hospital has Practiced for Over 49 Years. Founded in 1973
  • Lease Features Annual CPI Rental Increase, Offering Investor an Above Average Hedge Against Inflation
  • Local Demographics Feature an Average Household Income of $71K within a Two Mile Radius and Over 56K People Reside within a Five Mile Radius

Investment Overview

Marcus & Millichap is Pleased to Present The Chesterfield Animal Hospital, Located in Chesterfield Indiana. The Single Tenant Animal Hospital is 100 Percent Leased to the National Veterinary Leader “NVA”. NVA has Practiced in Chesterfield Since 2018, and has 4.58 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 1,500 Veterinary Locations in the World. NVA is Majority Owned by Private Equity Firm Jab Holding Company, who has 199 Years of Investing Experience and Over $50 Billion Assets Under Management. NVA Chesterfield has 2 Practicing Veterinarians and 8 Team Members that Provide a Wide Range of Services for Patience Including General Wellness, Diagnostic Services, Surgical Services, Special Health Services, Reproductive Services, Holistic/Therapy Services, End of Life Care and more. Within a Two Mile Radius, the Median Home Value is Over $125K and More than 107K People Reside Within a 10 Mile Radius. The 1973 Developed Facility Stands at 3,693 Square Feet and has Recently Received New HVAC Units Within the Last Two Years.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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