Investment Overview

Marcus & Millichap is pleased to present VCA Anderson’s Corner Animal Hospital, located at 8391 Richmond Road in Toano, Virginia. This single-tenant animal hospital is fully leased to the nation’s highest-credit veterinary company, Veterinary Centers of America (VCA). VCA was founded in 1986 and currently has more than 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 grown annual revenues to more than $2.5 billion. Additionally, Mars, Inc. has a Moody’s credit rating of A1 and continues to establish its presence in veterinary medicine by acquiring multiple other firms, including BluePearl, Banfield, and others. Currently, the lease has 1.8 years of term remaining, with two additional 5-year renewal options. The 9,118-square-foot animal hospital is situated on Richmond Road, one of Toano’s main thoroughfares, and features an average traffic count of 14,000 vehicles per day (VPD). Within a 5-mile radius of the VCA Anderson’s Corner Animal Hospital, the median home value surpasses $400,000, with more than 23,000 people residing in the area. With over 23 million American households acquiring pets since COVID-19, this property represents a promising opportunity for a potential investor to acquire a veterinary service in high demand, backed by a highly dependable corporate owner.