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The PARC Veterinary Campus - 24/7 Emergency 4801 West Fwy 23,088 SF 5-Star Retail Building Fort Worth, TX 76107 $12,330,000 ($534.04/SF) 6% Cap Rate



INVESTMENT HIGHLIGHTS
- Purpose-built flagship veterinary hospital with award-winning design
- Six years remaining on initial term plus renewal options
- Below-market rent per SF relative to modern medical builds
- NNN lease with corporate guaranty from Thrive Pet Healthcare
- Located in affluent west Fort Worth with freeway visibility
EXECUTIVE SUMMARY
A landmark of modern veterinary medicine – a facility that has redefined the standard of veterinary care – is now on the market for sale: The PARC – Fort Worth’s Flagship 24/7 emergency veterinary clinic, located in the heart of Dallas-Fort Worth. Listed exclusively by Daniel Solomon and Jackie Moeller of The Solomon Healthcare Advisory Team at Kidder Mathews.
The PARC isn’t just a veterinary hospital – it was envisioned, designed, and built to redefine what pet care can be. The PARC was created around the revolutionary idea of People first, Animals at the heart of it, Revolutionary Care throughout. The hospital is designed to strengthen the bond between pets and the people who love them through transparency, comfort, and trust, with an open, glass environment that keeps pet parents informed and reassured at every step. Care is tailored to each animal’s unique needs - supported by advanced technology, rapid diagnostics, and flexible options like outdoor exams for pets who feel safer outside. This people and pet centered model is what makes the care truly revolutionary; a 24/7 commitment to helping pets and their families feel better, live better, and love longer.
Positioned along one of Fort Worth’s busiest corridors with visibility to over 120,000 vehicles daily, The PARC represents a rare opportunity to acquire a premier veterinary campus in one of the nation’s fastest-growing metros. Constructed in 2018 at a cost of approximately $11 million, this ±23,088 SF facility was purpose-built to deliver a revolutionary standard of care for pets and their owners. Its award-winning design features glass-walled treatment rooms, abundant natural light, and an open-concept layout that enhances transparency and client experience.
The property is fully leased to Thrive Pet Healthcare, a nationally recognized operator with ±400 locations and robust private equity backing from TSG Consumer Partners. The lease offers a corporate guaranty, NNN structure, and above-average annual rent escalations of 2.75%, creating a highly passive investment profile. With six years remaining on the initial term and three five-year renewal options, investors benefit from long-term income stability and built-in growth.
Strategically located in west Fort Worth, the asset serves an affluent demographic with an average household income of $104,285 within two miles. Its proximity to University Park Village and Chapel Hill Shopping Center ensures strong synergy with surrounding retail and lifestyle amenities. As veterinary construction costs soar, duplicating this facility today would require significantly higher capital, underscoring its intrinsic value relative to replacement cost. This is a rare chance to secure a trophy healthcare asset in a market defined by population growth, corporate relocations, and resilient demand drivers.
The PARC isn’t just a veterinary hospital – it was envisioned, designed, and built to redefine what pet care can be. The PARC was created around the revolutionary idea of People first, Animals at the heart of it, Revolutionary Care throughout. The hospital is designed to strengthen the bond between pets and the people who love them through transparency, comfort, and trust, with an open, glass environment that keeps pet parents informed and reassured at every step. Care is tailored to each animal’s unique needs - supported by advanced technology, rapid diagnostics, and flexible options like outdoor exams for pets who feel safer outside. This people and pet centered model is what makes the care truly revolutionary; a 24/7 commitment to helping pets and their families feel better, live better, and love longer.
Positioned along one of Fort Worth’s busiest corridors with visibility to over 120,000 vehicles daily, The PARC represents a rare opportunity to acquire a premier veterinary campus in one of the nation’s fastest-growing metros. Constructed in 2018 at a cost of approximately $11 million, this ±23,088 SF facility was purpose-built to deliver a revolutionary standard of care for pets and their owners. Its award-winning design features glass-walled treatment rooms, abundant natural light, and an open-concept layout that enhances transparency and client experience.
The property is fully leased to Thrive Pet Healthcare, a nationally recognized operator with ±400 locations and robust private equity backing from TSG Consumer Partners. The lease offers a corporate guaranty, NNN structure, and above-average annual rent escalations of 2.75%, creating a highly passive investment profile. With six years remaining on the initial term and three five-year renewal options, investors benefit from long-term income stability and built-in growth.
Strategically located in west Fort Worth, the asset serves an affluent demographic with an average household income of $104,285 within two miles. Its proximity to University Park Village and Chapel Hill Shopping Center ensures strong synergy with surrounding retail and lifestyle amenities. As veterinary construction costs soar, duplicating this facility today would require significantly higher capital, underscoring its intrinsic value relative to replacement cost. This is a rare chance to secure a trophy healthcare asset in a market defined by population growth, corporate relocations, and resilient demand drivers.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
23,088 SF
Building Class
A
LoopNet Rating
5 Star
Year Built
2018
Price
$12,330,000
Price Per SF
$534.04
Cap Rate
6%
NOI
$739,800
Tenancy
Single
Building Height
2 Stories
Building FAR
0.42
Lot Size
1.25 AC
Parking
54 Spaces (2.34 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 41044061 | Improvements Assessment | $5,024,424 |
| Land Assessment | $326,076 | Total Assessment | $5,350,500 |
PROPERTY TAXES
Parcel Number
41044061
Land Assessment
$326,076
Improvements Assessment
$5,024,424
Total Assessment
$5,350,500
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The PARC Veterinary Campus - 24/7 Emergency | 4801 West Fwy
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