Overview
Matthews Real Estate Investment Services™ Healthcare Division is pleased to exclusively offer the opportunity to acquire a single-tenant veterinary hospital located in Denham Springs, LA, tenanted by Thrive Pet Healthcare. Thrive Pet Healthcare is a leading veterinary care provider with over 380 primary, specialty, urgent, and emergency care practices across the U.S., dedicated to collaborative, comprehensive pet health services.
Located in Denham Springs, the practice is strategically positioned along Hatchell Lane, offering direct street frontage and easy access to major highways, including US-190 and LA-16. This asset benefits from favorable demographics, with an average income of over $96K within a 5-mile radius.
There are over 5 years remaining on the lease with 2% annual increases and four, five-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 Denham Springs market.
Investment Highlights
- Stable Investment – There are over 5 years remaining on the NNN lease with 2% annual increases and four, 5-year options to extend the lease.
- Scheduled Rent Increases | Hedge Against Inflation – The lease features annual rental escalators, 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.
- Concentrated Corridor – The property offers convenient access to a broad selection of surrounding services and destinations. Within a ±5-mile radius, the area features a mix of residential communities, schools, parks, offices, and major retailers like Walmart Supercenter, The Home Depot, Sam’s Club, Starbucks, The Pines at North Park, Chick-fil-A, and Denham Springs Elementary School.
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