Investment Overview

Marcus & Millichap is Pleased to Present The Wolfe Animal Hospital, Located in Jesup Georgia. The Single Tenant Animal Hospital is 100% Leased to the National Veterinary Service Provider, PetVet Care Centers (PetVet). PetVet has Practiced in Jesup Since 2021, and Currently has 6.4 Years Remaining on the Lease with Three, 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. PetVet was Founded in 2012, and Currently has more than 450 Veterinary Locations Across the United States. PetVet Care Centers is Owned by Powerhouse Private Equity Group KKR, a Leading Global Investment Firm that Offers Alternative Asset Management as Well as Capital Markets and Insurance Solutions. With Almost 50 Years of Private Equity Experience, KKR has Invested in Over 123 Companies and Currently have $503 Billion of Assets Under Management. The Wolfe Animal Hospital has Four Practicing Veterinarians and Twenty Team Members Providing a Wide Range of Services Including Routine Exams, Vaccinations/Prevention, Dental Care, Internal Medicine, Surgery, Laser Therapy, Diagnostics, Emergency Care and more. The 2020 Developed Facility Stands at 12,402 SF and Requires Minimal Landlord Responsibility Under the Triple-Net (NNN) Lease. With Three Percent (3%) Annual Rent Increases, the Investment Providers a Strong Hedge Against Inflation. The Wolfe Animal Hospital is the Only Veterinary Hospital in Jesup/Wayne County and within a 25 Mile Radius, Providing Minimal Competition for PetVet.