BAY STATE VETERINARY EMERGENCY & SPECIALTY SERVICES

INVESTMENT HIGHLIGHTS

• STABLE LONG-TERM INVESTMENT | OPTIONS TO EXTEND – The NNN lease has just under 15 years remaining, with 2.75% annual rental increases after year 3 and two (2), five (5) year options to extend.
• SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION – The lease features 2.75% annual rental increase after year 3, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment
• HEALTHCARE REAL ESTATE | RECESSION RESISTANT PROPERTY – Veterinary Hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
• TENANT INVESTMENT IN LOCATION – Pet Hospitals rarely relocate due to difficulty retaining the same patients in a new location and the high costs associated with moving and buildouts.
• CONVENIENT LOCATION – The subject property is well-positioned off Swansea Mall Drive, seeing more than 14,405 vehicles per day. The property benefits from convenient access to Interstate 195, providing connectivity to major cities including Providence, RI, just 14 miles West, and New Bedford, MA, just 20 miles East.
• NEARBY RETAIL – The property is surrounded by a mix of medical offices, schools, neighborhoods, and prominent retailers including Walmart Supercenter, Crunch Fitness, Tractor Supply Store, Target, Marshalls and PetSmart.
• FAVORABLE DEMOGRAPHICS – This asset caters to over 79,000 residents within a 5-mile radius of the site who boast an average household income of more than $107,000.
• STATE-OF-THE-ART-FACILITY | COMPREHENSIVE SERVICES | MULTI-DOCTOR LOCATION – The ±36,316 newly constructed state-of-the-art facility features an expanded emergency and ICU footprint, advanced oncology services, an enhanced surgery department, dedicated isolation suites, an expanded laboratory, oxygen support, and improved accessibility. Its diverse revenue streams provide stability and potential growth in various sectors.
• UNITED VETERINARY CARE | TRUSTED PROVIDER | CORPORATE GUARANTEE – UVC is one of the leading and fastest-growing veterinary chains in the US with more than 300 general practices, emergency, and specialty referral hospitals across 23 states.
• ROBUST INDUSTRY GROWTH – The global veterinary services market is expected to reach $142 billion by 2025, with a CAGR of 5.6% during the period.