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Single-Tenant Office Medical

VCA Lewiston Animal Hospital

75 Stetson Rd, Lewiston, ME 04240

Listing Price: $1,729,000

Cap Rate
8.50%
Tenant Name
VCA Animal Hospitals, Inc.
Years Remaining On Lease
3.6
Guarantor
Corporate Guarantee
Rentable SF
6,868
Lease Type
Double Net
Rent Per Square Feet
$21.39

Investment Overview

Marcus & Millichap is Pleased to Present The VCA Lewiston Animal Hospital, Located in Lewiston, Maine. The Single Tenant Animal Hospital is 100 Percent Leased to the Nations Highest Credit Veterinary Company, Veterinary Centers of America (VCA). The VCA Lewiston Animal Hospital was Originally Acquired in 2010 by Vet Consolidator “Pet Partners,” which was Later Purchased by VCA in 2017. VCA has Since Practiced at this Facility and Currently has Just Under Four Years of Term Remaining on their Lease. 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. VCA was Founded in 1986 and Currently have Over 1,000 Veterinary Locations in the United States. VCA is Owned by Mars INC. and was Acquired in 2017 for $7.7 Billion. Since the Acquisition, VCA has Added Over 200 Locations and Grew Annual Revenue’s to Over $2.5 Billion. Mars Inc. has a Moody’s Credit Rating of A1 and Continue to Establish their Presence in Veterinary Medicine with Acquiring Multiple Other Firms like Blue Pearl, Banfield and more. The VCA Animal Hospital has Served the Lewiston Community for Over 95 Years and Currently has Two Practicing Veterinarians that Provide Over 50 Separate Services in Advanced Care, Pet Counseling, Pet Grooming, Preventative Care, Primary Care and more. The 6,868 Square Feet Animal Hospital is Situated on Corridor of Route 202, which Features an Average Traffic Count of More Than 10,000 Vehicles Per Day. Within a Five-Mile Radius of the VCA Lewiston Animal Hospital, the Average Household Income Exceed $71,878. Lewiston, Maine offers a diverse community with affordable housing, Multiple Festivals and Events, and Lots of Arts and Culture.

Investment Highlights

  • Lease Features a Corporate Guarantee from VCA Animal Hospitals, Inc. (Over 5 Billion Dollars in Annual Revenue)
  • Just Under Four Years Remaining on the Lease with One, Five Year Renewal Option
  • Investment Provides Strong, Annual Consumer Price Index Rent Increases With No Ceiling

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) ME: DB927980

    Maine

Single-Tenant Office Medical

VCA Lewiston Animal Hospital

Listing Price: $1,729,000

Cap Rate
8.50%
Tenant Name
VCA Animal Hospitals, Inc.
Years Remaining On Lease
3.6
Guarantor
Corporate Guarantee
Rentable SF
6,868
Lease Type
Double Net
Rent Per Square Feet
$21.39

Investment Highlights

  • Lease Features a Corporate Guarantee from VCA Animal Hospitals, Inc. (Over 5 Billion Dollars in Annual Revenue)
  • Just Under Four Years Remaining on the Lease with One, Five Year Renewal Option
  • Investment Provides Strong, Annual Consumer Price Index Rent Increases With No Ceiling

Investment Overview

Marcus & Millichap is Pleased to Present The VCA Lewiston Animal Hospital, Located in Lewiston, Maine. The Single Tenant Animal Hospital is 100 Percent Leased to the Nations Highest Credit Veterinary Company, Veterinary Centers of America (VCA). The VCA Lewiston Animal Hospital was Originally Acquired in 2010 by Vet Consolidator “Pet Partners,” which was Later Purchased by VCA in 2017. VCA has Since Practiced at this Facility and Currently has Just Under Four Years of Term Remaining on their Lease. 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. VCA was Founded in 1986 and Currently have Over 1,000 Veterinary Locations in the United States. VCA is Owned by Mars INC. and was Acquired in 2017 for $7.7 Billion. Since the Acquisition, VCA has Added Over 200 Locations and Grew Annual Revenue’s to Over $2.5 Billion. Mars Inc. has a Moody’s Credit Rating of A1 and Continue to Establish their Presence in Veterinary Medicine with Acquiring Multiple Other Firms like Blue Pearl, Banfield and more. The VCA Animal Hospital has Served the Lewiston Community for Over 95 Years and Currently has Two Practicing Veterinarians that Provide Over 50 Separate Services in Advanced Care, Pet Counseling, Pet Grooming, Preventative Care, Primary Care and more. The 6,868 Square Feet Animal Hospital is Situated on Corridor of Route 202, which Features an Average Traffic Count of More Than 10,000 Vehicles Per Day. Within a Five-Mile Radius of the VCA Lewiston Animal Hospital, the Average Household Income Exceed $71,878. Lewiston, Maine offers a diverse community with affordable housing, Multiple Festivals and Events, and Lots of Arts and Culture.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): ME: DB927980

    Maine

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