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Single-Tenant Office Medical

Brandon Equine Medical Center (PVCC) - Recent 5 Year Lease Extension

605 E Bloomingdale Ave, Brandon, FL 33511

Listing Price: $2,668,000

Cap Rate
7.00%
Tenant Name
PetVet Operations, LLC
Years Remaining On Lease
6.6
Guarantor
Corporate Guarantee
Rentable SF
11,074
Lease Type
Double Net
Rent Per Square Feet
$16.86

Investment Overview

Marcus & Millichap is Pleased to Present The Brandon Equine Medical Center, Located in Brandon Florida. The Equine Campus is 100% Leased to the National Veterinary Service Provider, PetVet Care Centers (Formerly Under MAVANA) who has a Total of Over 450 General Practices, Specialty/E.R Hospitals and Equine Facilities Across the United States. Additionally, the Investment Opportunity is Leased to Local Dog Training Business On Course Agility which has a Rolling One Year Lease Agreement. PetVet has Practiced in Brandon Since 2017, and Recently Renewed Early to Yield 6.5 Years Remaining on the Lease with Three, Five 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. Seven Practicing Veterinarians and Dozens of Team Members Provide a Wide Range of Equine Services Including Emergency Care, Ambulatory Services, Clinical Services, Dental Care, Diagnostic Imaging, Farrier Consulting, Integrative Medicine, Individual Wellness, Telemedicine and more. The Investment is Located Southeast of Tampa and sits Directly on East Bloomingdale Ave, which Features an Average Daily Traffic Count of 51,000 VPD. The Equine Hospital Neighbors Dozens of Strong Credit Tenants such as Life Storage, LA Fitness, Dollar Tree, First Watch, T-Mobile, UPS and more.

Investment Highlights

  • Recent Lease Extension Has 6.5 Years Remaining with Three, Five Year Renewals
  • Lease Is Backed By Corporate Entity, PetVet Operating, LLC
  • Equine Industry Attracts the World's Highest Net-Worth Individuals

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Executive Managing Director / Chief Revenue Officer

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Single-Tenant Office Medical

Brandon Equine Medical Center (PVCC) - Recent 5 Year Lease Extension

Listing Price: $2,668,000

Cap Rate
7.00%
Tenant Name
PetVet Operations, LLC
Years Remaining On Lease
6.6
Guarantor
Corporate Guarantee
Rentable SF
11,074
Lease Type
Double Net
Rent Per Square Feet
$16.86

Investment Highlights

  • Recent Lease Extension Has 6.5 Years Remaining with Three, Five Year Renewals
  • Lease Is Backed By Corporate Entity, PetVet Operating, LLC
  • Equine Industry Attracts the World's Highest Net-Worth Individuals

Investment Overview

Marcus & Millichap is Pleased to Present The Brandon Equine Medical Center, Located in Brandon Florida. The Equine Campus is 100% Leased to the National Veterinary Service Provider, PetVet Care Centers (Formerly Under MAVANA) who has a Total of Over 450 General Practices, Specialty/E.R Hospitals and Equine Facilities Across the United States. Additionally, the Investment Opportunity is Leased to Local Dog Training Business On Course Agility which has a Rolling One Year Lease Agreement. PetVet has Practiced in Brandon Since 2017, and Recently Renewed Early to Yield 6.5 Years Remaining on the Lease with Three, Five 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. Seven Practicing Veterinarians and Dozens of Team Members Provide a Wide Range of Equine Services Including Emergency Care, Ambulatory Services, Clinical Services, Dental Care, Diagnostic Imaging, Farrier Consulting, Integrative Medicine, Individual Wellness, Telemedicine and more. The Investment is Located Southeast of Tampa and sits Directly on East Bloomingdale Ave, which Features an Average Daily Traffic Count of 51,000 VPD. The Equine Hospital Neighbors Dozens of Strong Credit Tenants such as Life Storage, LA Fitness, Dollar Tree, First Watch, T-Mobile, UPS and more.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Executive Managing Director / Chief Revenue Officer

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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