Investment Overview

Marcus & Millichap is Pleased to Present Oak Grove Animal Hospital Located in Oak Grove, Minnesota. The Single Tenant Animal Hospital is 100% Leased to a National Veterinary Service Provider that has Over 840 Locations Across the United States. The Oak Grove Animal Hospital has been Serving the Northern Minneapolis Community for Over Ten Years and Currently has 5.5 Years Remaining on the Original Ten-Year Lease with One, 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. The Corporate Tenant is Private Equity Backed and Recently Recapitalized for Over 8 Billion Dollars. The 2011 Developed Animal Hospital Stands Over 5,000 Square Feet and Offers Minimal Landlord Obligation on the Triple-Net (NNN) Lease. Five Practicing Veterinarians Provide a Wide Range of Veterinary Medicine Services Including General Medical Care, Dental Care, Preventative Care, Vaccinations, Spay/Neuter, Surgery, Grooming, Laser Therapy and more. Within a 5 Mile Radius, the Average Household Income Exceeds $138,000 with 27,650 People Residing. Additionally, the Median Home Value is $339,765.