Overview
Matthews Real Estate Investment Services™ Healthcare Division is pleased to exclusively offer the opportunity to acquire a single-tenant, newly constructed veterinary hospital located in Swansea, MA, tenanted by United Veterinary Care (UVC), and operating under the brand Bay State Veterinary Emergency & Specialty Services. 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. This Veterinary Specialty hospital offers extensive services including 24/7 emergency care, advanced diagnostic testing, ultrasound and MRI scanning, radiology, oncology, cardiology, advanced specialty surgery, 24-hour ICU care, and more.
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.
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.
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