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Single-Tenant Office Medical

Raymore Veterinary Center | MVP

411 Remington Plaza Ct, Raymore, MO 64083

Listing Price: $1,249,000

Cap Rate
7.00%
Tenant Name
Mission Veterinary Partners
Years Remaining On Lease
7.6
Guarantor
Corporate Guarantee
Rentable SF
5,498
Lease Type
Double Net
Rent Per Square Feet
$15.90

Investment Overview

Marcus & Millichap is Pleased to Present the Raymore Veterinary Center, Located in Raymore Missouri. The Single Tenant Animal Hospital is 100 Percent Leased to the National Veterinary Company, Mission Veterinary Partners. MVP has Practiced in Raymore since 2021, and has 7.8 years Remaining on the Lease, with One - Five Year Renewal Option. 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. MVP was Founded in 2017 and Currently have Over 330 Veterinary Locations across the United States. MVP is Owned by Private Equity Firm “Shore Capital”, who Invests Mainly in Healthcare Companies, which Fulfills Over Half of their Portfolio. Shore Capital has Over $2 Billion Assets Under Management and Owns Other Top Name Firms Such as Southern Veterinary Partners. The 2005 Developed Facility Stands Over 5,000 Square Feet and Offers the Opportunity for a Near Future Buildout of 1,500 Square Feet of Shelf Space. The Veterinary Center is Strategically Located Off of W Foxwood Drive which Features an Average Daily Vehicle Count of Over 21,000. In Addition, the Raymore Veterinary Center is Surrounded by a Strong Mix of Residential and Retail Facilities with National Neighboring Retailers like Subway, Taco Bell, McDonalds, Walgreens, CVS and more. “RVC” has Served Raymore since 2005 and Currently have Three Practicing Veterinarians that Provide a Wide Range of Animal Care Services. Animals can be Served Wellness Exams, Vaccinations, Surgical Procedures, Dental Care, Radiology, Microchipping, Nutrition, Pain Management, Hospital/Euthanasia, Fully Stocked Pharmacy and More.

Investment Highlights

  • Tenant "MVP" has over 330 Veterinary Locations in U.S
  • Lease Features a Corporate Guarantee
  • Lease Features 2 Percent Annual Rent Increases
  • Lease Term has 7.8 Years Remaining with One, Five Year Renewal Option
  • Average Household Income Over $103K Within a 10 Mile Radius

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Single-Tenant Office Medical

Raymore Veterinary Center | MVP

Listing Price: $1,249,000

Cap Rate
7.00%
Tenant Name
Mission Veterinary Partners
Years Remaining On Lease
7.6
Guarantor
Corporate Guarantee
Rentable SF
5,498
Lease Type
Double Net
Rent Per Square Feet
$15.90

Investment Highlights

  • Tenant "MVP" has over 330 Veterinary Locations in U.S
  • Lease Features a Corporate Guarantee
  • Lease Features 2 Percent Annual Rent Increases
  • Lease Term has 7.8 Years Remaining with One, Five Year Renewal Option
  • Average Household Income Over $103K Within a 10 Mile Radius

Investment Overview

Marcus & Millichap is Pleased to Present the Raymore Veterinary Center, Located in Raymore Missouri. The Single Tenant Animal Hospital is 100 Percent Leased to the National Veterinary Company, Mission Veterinary Partners. MVP has Practiced in Raymore since 2021, and has 7.8 years Remaining on the Lease, with One - Five Year Renewal Option. 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. MVP was Founded in 2017 and Currently have Over 330 Veterinary Locations across the United States. MVP is Owned by Private Equity Firm “Shore Capital”, who Invests Mainly in Healthcare Companies, which Fulfills Over Half of their Portfolio. Shore Capital has Over $2 Billion Assets Under Management and Owns Other Top Name Firms Such as Southern Veterinary Partners. The 2005 Developed Facility Stands Over 5,000 Square Feet and Offers the Opportunity for a Near Future Buildout of 1,500 Square Feet of Shelf Space. The Veterinary Center is Strategically Located Off of W Foxwood Drive which Features an Average Daily Vehicle Count of Over 21,000. In Addition, the Raymore Veterinary Center is Surrounded by a Strong Mix of Residential and Retail Facilities with National Neighboring Retailers like Subway, Taco Bell, McDonalds, Walgreens, CVS and more. “RVC” has Served Raymore since 2005 and Currently have Three Practicing Veterinarians that Provide a Wide Range of Animal Care Services. Animals can be Served Wellness Exams, Vaccinations, Surgical Procedures, Dental Care, Radiology, Microchipping, Nutrition, Pain Management, Hospital/Euthanasia, Fully Stocked Pharmacy and More.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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