Investment Overview

Marcus & Millichap is Pleased to Present The Waldorf Animal Clinic, Located in Waldorf, Maryland. The Single Tenant Animal Clinic is 100% Leased to National Veterinary Service Provider, Blue River PetCare. Blue River has Practiced in Waldorf Since 2016 and Currently has 1.7 Years Remaining on their 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 Formed in 2009 and Currently have more than 180 Veterinary Locations in the United States. Blue River is Currently 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. One Practicing Veterinarian and Multiple Employees Provide a Wide Range of Services at the Waldorf Animal Clinic. Services Include Anesthesia, Patient Monitoring, Health Screening Tests, General Medicine, Preventative Care, Surgery, Vaccinations, Referrals and more. The 3,315 SF Animal Clinic is Located Off of Major Thoroughfare “Robert S. Crain Hwy” which Features an Average Daily Traffic Count of 60,196 VPD. Blue River Neighbors Dozens of National Credit Tenants such as Caliber Collision, Lowe’s, Home Depot, Sam’s Club, Burger King, Public Storage and more. The Lease Features Strong 3% Annual Rent Increases Under the Triple-Net (NNN) Lease and is Backed with a Corporate Guarantee from Blue River PetCare Group LLC.