Investment Overview

Marcus & Millichap is Pleased to Exclusively Present The VCA Baybrook Animal Hospital & Baybrook Grooming, Located in Milford, Connecticut. The Multi Tenant Pet Care Property is 100% Leased to the Nations Highest Credit Veterinary Company, Veterinary Centers of America (VCA) & Privately Owned Baybrook Grooming. The Animal Hospital was Originally Acquired by Health Pet of Connecticut, Inc. in 2006, which was Later Acquired by VCA Animal Hospitals, Inc. in 2007. VCA was in their Last Lease Year and Recently Renewed for an Additional 5 Year Term, One Year Prior to the Expiration of the Lease. Additionally, VCA has One, 5 Year Renewal Option Remaining. Baybrook Grooming has been Privately Owned and Operated for 30+ Years and will Execute a Fresh 1 Year Lease Upon Close. 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. VCA was Founded in 1986 and Currently have Over 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 Grew Annual Revenue’s to Over $2.5 Billion. Mars Inc. has a Moody’s Credit Rating of A1 and Continue to Establish their Presence in Veterinary Medicine with Acquiring Multiple Other Firms like Blue Pearl, Banfield and more. Four Full Time Veterinarians and One Part Time Vet are Assisted by Twenty-Five Employees Helping to Provide Over 50 Separate Pet Care Services in Advanced Care, Canine/Feline Diabetes Care, Preventive Care, Primary Care, Surgery and more. VCA Occupies 5,000 Square Feet of the Property with Baybrook Grooming Occupying 500 Square Feet. The Corporate Guaranteed VCA Lease Offers Minimal Landlord Obligations Under the Triple-Net (NNN) Lease with a Stable Hedge Against Inflation via the 2% Annual Rent Increases. The Hospital has Successfully Operated Since 1995 and Continues to Serve the Milford Community and their Pets for Years to Come.