Investment Overview

Marcus & Millichap is Pleased to Present The Bay Country Veterinary Hospital, Located in Crownsville, Maryland. The Single Tenant Animal Hospital is 100% Leased to National Veterinary Service Provider, Blue River PetCare. Blue River has Practiced in Crownsville Since 2010 and Currently have 2.4 Years Remaining on their Lease. 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 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. Five Practicing Veterinarian and Multiple Employees Provide a Wide Range of Services Including Comprehensive Physical Exams, Preventive Care, Microchipping, Vaccinations, Exotic Pet Care, Hospital Services, Dental Care and more. The 2,540 SF Vet Hospital is Located in Crownsville which Sits Between Washington D.C., Baltimore, and Annapolis. The Tri MSA Provides Strong Demographics with the Average Household Income Exceeding $196k and the Median Home Value Surpassing $593k, both within a 2-Mile Radius of the Building. The Corporate Guaranteed Lease Provides Strong, 3% Annual Rent Increases and Minimal Landlord Obligation Under the Triple-Net (NNN) Structure.