Investment Overview

Marcus & Millichap is Pleased to Present The Cheyenne Pet Clinic, Located in Cheyenne, Wyoming. The Single Tenant Animal Hospital is 100% Leased to National Veterinary Service Provider, Blue River PetCare. Blue River has Practiced in Cheyenne Since 2021 and Currently has 1.1 Years Remaining on the Lease, with Two, 5 Year Renewal Options. Since COVID-19, Studies Show Over 23 Million American Households got Pets, Driving the Demand for Veterinary Services. Veterinary Practices were Deemed Essential Through the Pandemic and Continue to Grow as Safe and Secure Investments. Blue River was Founded in 2009, and Currently have Over 181 Veterinary Locations in the United States. Blue River is Owned by a Large Independent Investment Firm “Partners Group”. Partners Group Invests Strategically in Private Markets for Institutional Investors, Sovereign Wealth Funds, Family Office and Private Global Investors. Since 1996, Partners Group has Invested Over $195 Billion USD in Private Equity, Private Debt, Private Real Estate and Private Infrastructure. Three Practicing Veterinarians and Eighteen Employees Provide a Wide Range of Services Including: Surgery, Digital Radiography, Dental Care, Acupuncture, Geriatric Care, Laser Therapy, Ultrasounds, Boarding and more. The 5,030 SF Pet Clinic is Located on Major Thoroughfare “E Lincolnway” which Features a Daily Traffic Count Over 10,000 VPD. Directly Across from the Pet Clinic is Major Retail Center “Cheyenne Plaza” which is Home to Dollar Tree, Ace Hardware, Sportsman's Warehouse, Murdoch’s Ranch & Home Supply, O’Reilly Auto Parts and more. The Lease Features 2% Annual Rent Increases Under the Triple-Net (NNN) Lease, Backed by the Corporate Guarantee from Blue River PetCare Group LLC.