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Two Veterinarian Hospitals 2 Health Care Properties Offered at $1,920,000 in Multiple Locations
Investment Highlights
- National Credit Tenant - Heartland Veterinary Partners
- NNN Leases
- Ideal for 1031 Exchange or Passive Income Investors
- $144,000 Net Operating Income
- Growing Veterinary Industry – Recession-Resistant | Backed by Private Equity Firm Gryphon Investors
- Strong Suburban Dayton Locations
Executive Summary
New Price – 7.5% Cap!
2-property NNN portfolio leased to Heartland Veterinary Partners, a national vet operator backed by Gryphon PE. $144K NOI with no landlord responsibilities. Recession-resistant healthcare sector with strong long-term growth. Dayton metro locations. Ideal 1031 exchange asset.
Stable, Passive Income Backed by a Growing Industry
Coldwell Banker Commercial | Heritage is pleased to offer a fully-leased, two-property portfolio of veterinary clinics, each occupied by Heartland Veterinary Partners, a nationally recognized operator with over 225 locations across the U.S., backed by private equity powerhouse Gryphon Investors.
With triple-net (NNN) leases in place and minimal landlord responsibilities, this portfolio offers durable income from a recession-resilient sector—veterinary care and pet healthcare, a market that has experienced explosive and consistent growth for over a decade.
Why Invest in Veterinary Real Estate?
-$143 Billion U.S. Pet Industry (and growing annually)
-Pet ownership is at an all-time high – over 70% of U.S. households have pets
-Demand for veterinary services surged 33% post-COVID
-Veterinary real estate is now an institutional favorite, with strong cap rates, long-term leases, and low default risk
-Health-focused use means tenants invest heavily in the buildings—higher tenant retention and long-term stickiness
2-property NNN portfolio leased to Heartland Veterinary Partners, a national vet operator backed by Gryphon PE. $144K NOI with no landlord responsibilities. Recession-resistant healthcare sector with strong long-term growth. Dayton metro locations. Ideal 1031 exchange asset.
Stable, Passive Income Backed by a Growing Industry
Coldwell Banker Commercial | Heritage is pleased to offer a fully-leased, two-property portfolio of veterinary clinics, each occupied by Heartland Veterinary Partners, a nationally recognized operator with over 225 locations across the U.S., backed by private equity powerhouse Gryphon Investors.
With triple-net (NNN) leases in place and minimal landlord responsibilities, this portfolio offers durable income from a recession-resilient sector—veterinary care and pet healthcare, a market that has experienced explosive and consistent growth for over a decade.
Why Invest in Veterinary Real Estate?
-$143 Billion U.S. Pet Industry (and growing annually)
-Pet ownership is at an all-time high – over 70% of U.S. households have pets
-Demand for veterinary services surged 33% post-COVID
-Veterinary real estate is now an institutional favorite, with strong cap rates, long-term leases, and low default risk
-Health-focused use means tenants invest heavily in the buildings—higher tenant retention and long-term stickiness
Taxes & Operating Expenses (Actual - 2024) |
Annual |
|---|---|
| Gross Rental Income |
$144,000
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$144,000
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $144,000 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $144,000 |
| Net Operating Income | |
|---|---|
| Annual | - |
Property Facts
| Price | $1,920,000 | Status | Active |
| Price / SF | $132.82 / SF | Number of Properties | 2 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 7.50% | Total Building Size | 14,456 SF |
| Sale Type | Investment | Total Land Area | 1.31 AC |
| Price | $1,920,000 |
| Price / SF | $132.82 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 14,456 SF |
| Total Land Area | 1.31 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 6313 Brookville Salem Rd, Clayton, OH 45315 | Health Care | 9,136 SF | 1975 | - |
| 8505 N Main St, Dayton, OH 45415 | Health Care | 5,320 SF | 2019 | - |
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Two Veterinarian Hospitals
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