Investment Overview

Marcus & Millichap is Pleased to Present The PetVet Care Centers Portfolio, Located in Mankato and New Ulm Minnesota. The Two, Single Tenant Animal Hospital are 100 Percent Leased to the National Veterinary Service Provider, PetVet Care Centers (Formerly MAVANA). PetVet has Practiced in Mankato and New Ulm Since 2019, and Currently have 5.1 Years Remaining on the Lease with Three, 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. 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. Combined, Eleven Practicing Veterinarians Provide a Wide Range of Small and Large Animal Services Including Surgery, Dental Care, Emergency Care, Routine Exams, Ultrasounds, On-Farm Surgery, Diagnostics and more. The River Hills Pet Care Hospital was Built in 2017 and the New Ulm Regional Vet Center was Built in 1998. Both Properties Require Minimal Landlord Obligation Under the Double-Net (NN) Leases.