Overview
Matthews™ Healthcare Division is pleased to exclusively offer the opportunity to acquire a single-tenant veterinary hospital located in Westfield, IN, tenanted by Community Veterinary Partners (CVP). CVP provides dependable, full-service veterinary care through a collaborative team of experienced doctors and staff. With a wide range of medical and preventive services, the hospital offers
consistent, reliable care for pets while supporting long-term growth across multiple areas of practice.
Located in Westfield, the practice is strategically positioned along E 181st Street, offering direct street frontage and easy access to major transportation routes, including IN-32 and US-31. This asset caters to more than 100,000 residents with an average income of just under $150K within a 5-mile radius of the site. There are over 8 years remaining on the lease with 2% built-in annual rent bumps and three (3), five (5) year options to extend. This is an ideal investment for a local or national investor looking to acquire a stable, long-term investment in the Westfield market.
Investment Highlights
- Stable Investment – The property is backed by a long-term NNN lease with over 8 years remaining and dependable 2% annual rent increases, providing consistent income growth and long-term security for investors.
- Affluent Demographics – The surrounding area boasts strong household incomes, with an average income of just under $150,000 within a 5-mile radius, supporting high purchasing power and stable long-term demand.
- 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.
- Prime Location – The ±13,518 SF practice is extremely well located along E 181st Street, offering excellent visibility and easy access to major transportation routes, including IN-32 and US-31. This asset caters to more than 100,000 residents with an average income of just under $150K within a 5-mile radius of the site.
- Comprehensive Services | Multi-Doctor Location – Veterinary Centers of America delivers high-quality, full-service veterinary care supported by a team of experienced doctors and staff. Offering a wide range of medical, diagnostic, and preventive services, the clinic provides reliable, timely care for pets and their families. Its comprehensive service offerings support long-term stability while creating opportunities for continued growth across multiple specialties.
- Prime Westfield Location – This ideally positioned clinic offers excellent visibility and convenient access in one of the fastest-growing suburbs of the Indianapolis market. Surrounded by strong residential and commercial development, the area supports steady traffic and long-term demand.
- 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.
- Concentrated Corridor – The property is surrounded by a mix of residential communities, schools, parks, hospitals, and major retailers, including Meijer, Chick-fil-A, ALDI, Walmart Supercenter, Whole Foods Market, Lowe’s, Target, Riverview Health Westfield Hospital, Ascension St. Vincent Carmel Hospital, Westfield High School, and Village Park Plaza, all just ±5 miles away.
- Scheduled Rent Increases | Hedge Against Inflation – The lease features 2%annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.• 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.
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