Miscellaneous
Brookhaven Animal Hospital
1210 US-51, Brookhaven, MS 39601
Listing Price: $1,600,000
Cap Rate
8.00%
Tenant Name
PetVet
Years Remaining On Lease
6.2
Gross SF
8,825
Guarantor
Corporate Guarantee
Rentable SF
8,825
Price/Gross SF
$181.30
Lease Type
Absolute Net
Rent Per Square Feet
$14.49
Investment Overview
See Highlights
Brookhaven Animal Hospital
Investment Highlights
- Absolute Net lease - This investment offers a completely passive, long-term opportunity for both local and national investors who want zero landlord responsibilities.
- Long-Term Tenant - This tenant has been operating at this location since 1998. They tore down and rebuilt the building 2006 and added over 2,800 sf of kennels and runs in 2021, along with a new roof.
- No Competition - The subject property is one of only two veterinary hospitals within a 20-mile radius.
- Strong Corporate Guarantee - PetVet owns and operates over 420 animal hospitals nationwide, serving a variety of communities.
- Veterinary Market Growth - The U.S. veterinarians market was valued at $11.92 billion in 2022, and it's projected to grow at a CAGR of 8.7 percent from 2023 to 2030 (Grand View Research).
Broker of Record
Financing By
Listing Price: $1,600,000
Cap Rate
8.00%
Tenant Name
PetVet
Years Remaining On Lease
6.2
Gross SF
8,825
Guarantor
Corporate Guarantee
Rentable SF
8,825
Price/Gross SF
$181.30
Lease Type
Absolute Net
Rent Per Square Feet
$14.49
Investment Highlights
- Absolute Net lease - This investment offers a completely passive, long-term opportunity for both local and national investors who want zero landlord responsibilities.
- Long-Term Tenant - This tenant has been operating at this location since 1998. They tore down and rebuilt the building 2006 and added over 2,800 sf of kennels and runs in 2021, along with a new roof.
- No Competition - The subject property is one of only two veterinary hospitals within a 20-mile radius.
- Strong Corporate Guarantee - PetVet owns and operates over 420 animal hospitals nationwide, serving a variety of communities.
- Veterinary Market Growth - The U.S. veterinarians market was valued at $11.92 billion in 2022, and it's projected to grow at a CAGR of 8.7 percent from 2023 to 2030 (Grand View Research).
Investment Overview
See Highlights
Broker of Record
Financing By
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