13160 Magisterial Dr
Louisville, KY 40223
BluePearl: Specialty & Emergency Pet Hospital · Specialty Property For Sale · 13,450 SF

Stan Johnson Company is pleased to exclusively offer for sale to qualified investors the 13,450 square-foot veterinary hospital, BluePearl Veterinary Partners, located at 13160 Magisterial Drive, Louisville, KY (the “Property”). The offering is comprised of an approximately 1.5-acre plot, along with the fee-simple ownership rights to a BluePearl veterinary hospital, that is 100% leased to BluePearl Kentucky, LLC. This well-constructed facility has over eleven and a half (11.5) years remaining on a fifteen (15) year base term with three (3), five (5) year options to renew. The facility is Type 2 construction featuring a concrete slab, steel frame, aluminum studs, backup generator, and fully equipped with fire sprinklers. The lease features two percent (2.0%) annual rental increases, and an absolute NNN expense structure. The landlord has zero responsibilities related to the management, maintenance, or repair of the Property. Today, BluePearl offers emergency and specialty services in 18 states. They employ more than 1,350 people, including more than 350 veterinarians. The operator has a successful track record at this location, demonstrated through high annual revenues, a low rent to sales ratio, and a strong profit margin (Financials available upon executed Confidentiality Agreement). BluePearl Kentucky, LLC is a subsidiary of Mars, Inc. With $33 billion in annual sales in 2015, Mars is ranked as the 6th largest private company in the US. Today, Mars Petcare is one of the world’s leading pet care providers. In January 2017, Mars announced the $7.7 billion acquisition of Los Angeles-based animal hospital chain VCA Inc., further increasing the company’s industry dominance.