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Thrive Pet Healthcare 102 Hatchell Ln 15,068 SF Retail Building Denham Springs, LA 70726 $1,470,842 ($97.61/SF) 7% Cap Rate
Investment Highlights
- There are over 5 years remaining on the NNN lease with 2% annual increases and four, 5-year options to extend the lease.
- There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.
- This clinic is situated on Hatchell Ln, offering convenient access to major north-south and east-west thoroughfares, US-190 and LA-16.
- The lease features annual rental escalators, providing a future owner with a boost in cash flow and a hedge against inflation.
- The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.
- Pet hospitals rarely relocate due to the difficulty of retaining the same patients in a new location and the high costs associated with moving.
Executive Summary
License No. BROK.995704351-CORP (LA)
(866) 889-0550
Jarreau Real Estate
16173 Perkins Road Baton Rouge,
LA 70810
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Professional, Scientific, and Technical Services
- -
- -
- -
Thrive Pet Healthcare – is operating under the national Thrive Pet Healthcare brand. Founded in 2003, the organization now comprises over 400 clinics across the U.S., offering primary, specialty, and emergency veterinary services. The Austin location provides comprehensive care including wellness exams, vaccinations, diagnostics, surgery, and end-of-life support. Staffed by Fear Free®-certified teams, the clinic focuses on creating a low-stress environment. As part of a large network, the Austin clinic benefits from centralized platform tools, a membership program (Thrive Plus), and coordinated clinical standards. Real estate and facility operations are managed locally alongside Thrive’s strategic leadership.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Professional, Scientific, and Technical Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0362467 | Improvements Assessment | $180,500 |
| Land Assessment | $20,600 | Total Assessment | $201,100 |
Property Taxes
Contacts
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Andrew Evans -
Tyler Swade -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
Presented by
Thrive Pet Healthcare | 102 Hatchell Ln
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