Overview
Matthews™ Healthcare Division is pleased to exclusively offer the opportunity to acquire a single-tenant veterinary hospital located in Merced, CA, tenanted by PetVet Care Centers. PetVet Care Centers is a nationwide veterinary network that partners with locally led hospitals to deliver high-quality, comprehensive pet care. By supporting clinical teams with strong resources and advanced capabilities, PetVet helps practices provide consistent, compassionate care and grow across a range of services.
Located in Merced, the practice is strategically positioned along Beachwood Drive, offering direct street frontage and easy access to major transportation routes, including CA-99 and SR-59. This asset benefits from favorable demographics with a population of over 137,000 within a 5-mile radius of the site.
There are over 4 years remaining on the lease with 3% built-in annual rent bumps and two, five-year options to extend. This is an ideal investment for a local or national investor seeking a stable, long-term investment in California.
Investment Highlights
- Stable Investment – The property is backed by a long-term NNN lease with over 4 years remaining and dependable 3% annual rent increases, providing consistent income growth and long-term security for investors.
- Scheduled Rental Increases | Hedge Against Inflation – The lease features 3% 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.
- Prime Location – The ±8,000 SF practice is extremely well located along Beachwood Dr, offering excellent visibility and easy access to major transportation routes, including CA-99 and SR-59. This asset benefits from favorable demographics, with a population of over 137,000 within a 5-mile radius of the site.
- Comprehensive Services | Multi-Doctor Location – PetVet Care Centers provides comprehensive, high-quality veterinary care through a network of locally led hospitals supported by experienced clinicians and staff. With a broad range of medical, surgical, and preventive services, PetVet delivers consistent, dependable care for pets and their families. Its integrated, multi-hospital model promotes long-term stability while enabling continued growth across general practice, specialty, and emergency services.
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