Investment Overview

Marcus & Millichap is Pleased to Present The Eldorado Animal Hospital Located in McKinney, Texas (DFW MSA). The Single Tenant Animal Hospital is 100% Leased to the National Veterinary Service Provider, Southern Veterinary Partners (SVP). SVP has Practiced in McKinney Since 2020 and Currently has 5.2 Years Remaining on the Original Ten-Year Lease with Two, 5 Year Renewal Option. 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. SVP was Founded in 2014 and Recently Merged with MVP to have Over 730 Veterinary Hospitals in the United States. Prior to the Merger, SVP was Sourcing Over $1.4 Billion in Annual Revenue, Increasing by Double with Sister Company, MVP. SVP is Now Majority Owned by Silver Lake Capital who has Over $102 Billion Assets Under Management. Shore Capital Partners Previously Held Majority Ownership on Both Companies and will Remain as a Minority Owner After the Estimated $8.6 Billion Deal. The 2006 Developed Animal Hospital Stands at 4,658 Square Feet and Offers No Day-to-Day Management Under the Triple-Net (NNN) Lease. The Animal Hospital is Strategically Located in McKinney with a Strong Retail and Residential Presence. Neighboring Retailors Include McDonalds, Starbucks, Walgreens, Sherwin-Williams and more. Located on the Corner of Eldorado Parkway and South Hardin Boulevard, the Animal Hospital Received Superior Visibility with the Daily Average Vehicle County Exceeding 30,000 VPD. Two Practicing Veterinarians Provide a Wide Range of Veterinary Medicine Services Including Wellness Care, Prevention Care, Testing, Diagnostics, Surgical Procedures and more.