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INVESTMENT HIGHLIGHTS
- 4,890 Sq. Ft. one story retail building
- Located on the corner of Peter Kristof Way, West Street and North Meadows Rd.
- Improvements were made in 2002, with an addition completed in 2007.
- 1.41 Acres of Land
- Zoning: RS - Use: Veterinary Clinic
- Site improvements include asphalt paved parking areas, curbing, signage, landscaping, yard lighting and drainage.
EXECUTIVE SUMMARY
Banfield Pet Hospital is the largest general veterinary practice in the United States, with more than 1,000 locations across over 40 states. Founded in 1955, the company focuses on preventive, wellness-oriented care for companion animals, a resilient and needs-based segment of the healthcare market. The company is part of Mars, Incorporated’s Mars Veterinary Health division, benefiting from the scale and financial strength of one of the world’s largest privately held corporations. Third-party credit research characterizes Banfield’s credit profile as stable and supported by its parent, with relatively low credit spreads consistent with a strong, investment-grade-backed tenant. Banfield’s Optimum Wellness Plans subscription model promotes recurring revenue and predictable visit patterns, supporting long-term occupancy stability at its leased locations.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
4,890 SF
Building Class
B
Year Built
2005
NOI
$155,226
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.41 AC
Zoning
RS - Commercial
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | MEDF-000048-000000-000033 | Improvements Assessment | $666,000 |
| Land Assessment | $575,900 | Total Assessment | $1,241,900 |
PROPERTY TAXES
Parcel Number
MEDF-000048-000000-000033
Land Assessment
$575,900
Improvements Assessment
$666,000
Total Assessment
$1,241,900
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Banfield Pet Hospital | 51 Peter Kristof Way
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