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Single-Tenant Office Medical

Heartland Vet Partners | Part of 2 Property Portfolio

8505 N Main St, Dayton, OH 45415

Listing Price: $1,252,000

Cap Rate
7.25%
Tenant Name
Heartland Veterinary Partners
Years Remaining On Lease
3.9
Guarantor
Corporate Guarantee
Rentable SF
5,056
Lease Type
Double Net
Rent Per Square Feet
$17.94

Investment Overview

Marcus & Millichap is Pleased to Present The Heartland Veterinary Partners Portfolio, Located in Dayton and Clayton, Ohio. The Two, Single Tenant Buildings are 100% Leased to the National Veterinary Service Provider, Heartland Veterinary Partners, who have Practiced in the Dayton MSA Since 2021. Heartland Currently has Over Three Years Remaining on the Lease with One, 3 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. Heartland Veterinary Partners was Founded in 2016, and Currently have Over 300 Veterinary Locations Nationally. Heartland Vet is Currently Owned by Private Equity Group Gryphon Investors, who have 25+ Years of Investing Experience and more than $9 Billion Assets Under Management. The North Main Animal Clinic and Clayton Animal Hospital have Five Practicing Veterinarians who Provide a Wide Range of Medical Services. Services Include Pet Diagnostics/Ultrasounds, Exotic Pet Care, Laser Therapy, Microchipping, Surgery, Vaccines, Wellness Exams, Dentistry and more. The North Main Animal Clinic was Developed in 2019 and Stands Over 5,000 SF. The Clayton Animal Hospital was Developed in 1970 and Stands Over 2,300 SF. Both Veterinary Buildings Require Minimal Landlord Obligations Under the Double-Net (NN) Leases. The Coinciding Terms are Corporate Guaranteed and Feature Strong Rental Increases at Each Renewal Option.

Investment Highlights

  • HEARTLAND VET PARTNERS HAS OVER 300 VETERINARY LOCATIONS IN U.S.
  • COINCIDING LEASES FEATURE A CORPORATE GUARANTEE FROM HEARTLAND VET
  • LOCATED IN DAYTON OHIO MSA WITH OVER 135,000 PEOPLE RESIDING

Exclusively Listed By

Single-Tenant Office Medical

Heartland Vet Partners | Part of 2 Property Portfolio

Listing Price: $1,252,000

Cap Rate
7.25%
Tenant Name
Heartland Veterinary Partners
Years Remaining On Lease
3.9
Guarantor
Corporate Guarantee
Rentable SF
5,056
Lease Type
Double Net
Rent Per Square Feet
$17.94

Investment Highlights

  • HEARTLAND VET PARTNERS HAS OVER 300 VETERINARY LOCATIONS IN U.S.
  • COINCIDING LEASES FEATURE A CORPORATE GUARANTEE FROM HEARTLAND VET
  • LOCATED IN DAYTON OHIO MSA WITH OVER 135,000 PEOPLE RESIDING

Investment Overview

Marcus & Millichap is Pleased to Present The Heartland Veterinary Partners Portfolio, Located in Dayton and Clayton, Ohio. The Two, Single Tenant Buildings are 100% Leased to the National Veterinary Service Provider, Heartland Veterinary Partners, who have Practiced in the Dayton MSA Since 2021. Heartland Currently has Over Three Years Remaining on the Lease with One, 3 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. Heartland Veterinary Partners was Founded in 2016, and Currently have Over 300 Veterinary Locations Nationally. Heartland Vet is Currently Owned by Private Equity Group Gryphon Investors, who have 25+ Years of Investing Experience and more than $9 Billion Assets Under Management. The North Main Animal Clinic and Clayton Animal Hospital have Five Practicing Veterinarians who Provide a Wide Range of Medical Services. Services Include Pet Diagnostics/Ultrasounds, Exotic Pet Care, Laser Therapy, Microchipping, Surgery, Vaccines, Wellness Exams, Dentistry and more. The North Main Animal Clinic was Developed in 2019 and Stands Over 5,000 SF. The Clayton Animal Hospital was Developed in 1970 and Stands Over 2,300 SF. Both Veterinary Buildings Require Minimal Landlord Obligations Under the Double-Net (NN) Leases. The Coinciding Terms are Corporate Guaranteed and Feature Strong Rental Increases at Each Renewal Option.

Exclusively Listed By

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