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- LoopNet Team
64 Kiehners Rd
Schuylkill Haven, PA 17972
9.08% VetCor | 300+ Units | 4% CO-OP FEE · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- E-Commerce & Recession-Resistant Property – Veterinary properties are extremely sought-after investments for their resistance to downturns in the econ
- Tenant Growth – VetCor has rapidly grown its number of practices from 40 locations in 2010, to 314 outstanding veterinary hospitals across 29 states,
- Strategic, Corner Location – Subject property sits on a hard corner right off I-443 & Route-183, with a combined traffic count of 14,503, which are th
PROPERTY FACTS
ABOUT 64 KIEHNERS RD , SCHUYLKILL HAVEN, PA 17972
INVESTMENT HIGHLIGHTS: PROPERTY HIGHLIGHTS Tenant Investment in Location – Veterinary Clinics rarely relocate due to difficulty retaining the same patients in a new location, and high costs of moving Very Passive Lease Structure – This investment offers investors a potential investor a very passive “hands-off” investment Rent Increases implemented to Hedge Inflation – Rental increases are built in throughout the lease, giving the investor a strong hedge against inflation LOCATION HIGHLIGHTS Perfect Location for Target Market – There are 42 Colleges within 50 Miles of Schuylkill Haven, Pennsylvania, providing access for one of VetCor’s largest patient bases Colleges Embracing Pets – Most colleges are embracing pets on campus and in student housing, which drives more traffic to veterinary clinics surrounding College Universities. Millennials makeup one of the largest percentage of pet owners and are continuing to spend more on pet health and care High Market Share – This VetCor site is the only veterinary hospital within a 5-mile radius, which has allowed them to create an exceptionally strong market share within the immediate and surrounding areas TENANT HIGHLIGHTS Private Equity Investment in Tenant – Private equity Investment in VetCor by Harvest Partners and Cressey & Company provides a large private equity backing with an extremely strong growth outlook Streamlined Expansion – VetCor expands by acquiring existing veterinary practices that are already successful and established within the community. This allows them to quickly grow their footprint across new markets and states High Growth Industry – The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period. Consumers spent over $72 Billion on their pets in 2018 and that number is expected to grow to $75 Billion in 2019
