Overview
Matthews™ Healthcare Division is pleased to exclusively offer the opportunity to acquire a three-property veterinary portfolio located in Northern California, tenanted by VetnCare. VetnCare provides comprehensive management and operational support to veterinary practices through a centralized, partnership-driven platform. By delivering expertise across administration, finance, compliance, and strategic growth initiatives, VetnCare enables veterinary teams to focus on high-quality patient care while supporting sustainable, long-term practice development across multiple locations.
The leases have ±6.7 years remaining, featuring built-in annual rent increases (Lesser of 4.5% or CPI Increase Annually) and two, 5-year renewal options. This portfolio offers an attractive opportunity for local or national investors seeking a stable, long-term investment in California.
Investment Highlights
- Stable Investment: There are ±6.7 years remaining on the NNN leases with lesser of 4.5% or CPI annual increases and two, 5-year options to extend the lease. These leases provide predictable income and steady growth within the San Francisco–Oakland–Fremont MSA.
- Scheduled Rent Increases | Hedge Against Inflation: The leases feature annual rental escalators (Lesser of 4.5% or CPI Increase Annually), 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 the difficulty of retaining the same patients in a new location and the high costs associated with moving and build-outs.
- VetnCare: VetnCare is a dedicated veterinary management services organization that partners with and supports established veterinary practices through centralized operational, financial, and administrative expertise. Its integrated platform is designed to support long-term practice stability, consistency of care, and sustainable growth across its network.
- Very Passive Lease Structure: There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.
- Robust Growth Industry: The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.
