Investment Overview

Marcus & Millichap is Pleased to Present The Plains Animal Hospital & Northeast Veterinary Referral Hospital, Located in Plains, Pennsylvania (Scranton--Wilkes-Barre-- Hazleton MSA). The Two Tenant, State-of-the-Art Animal Hospital & Vet Referral Center is 100 Percent Leased to Plains Privately Owned Plains Animal Hospital and National Consolidator, PetVet Care Centers. The Plains Animal Hospital has Leased Since 2015 and Currently have 3.6 Years Remaining on their Lease with Three, Five Year Renewal Options. PetVet has Also Practiced in Plains Since 2015 and Currently have 3.3 Years Remaining on the Lease with Two, 5 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. PetVet was Founded in 2012, and Currently has more than 450 Veterinary Locations Across the United States. PetVet Care Centers is Owned by Powerhouse Private Equity Group KKR, a Leading Global Investment Firm that Offers Alternative Asset Management as Well as Capital Markets and Insurance Solutions. With Almost 50 Years of Private Equity Experience, KKR has Invested in Over 123 Companies and Currently have $503 Billion of Assets Under Management. Plains Animal Hospital has Over 50 Combined Years of Veterinary Medicine Experience, Serving Over 25,000 Patients Since 1995. Combined, Sixteen Practicing Vets & Specialists Provide a Wide Range Medical Services, Including Surgery, Diagnostics, General Wellness, Oncology, Cardiology, Rehab and more. The Two-Tenant Vet Hospital Stands at 24,115 Square Feet with an Additional 3,662 Square Feet for the PetVet's Administrative Space. The Triple-Net Leases Provide a Passive, Hands Off Investment with Strong, Long-Term Yields.