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INVESTMENT HIGHLIGHTS
Brand New BTS Construction - Tenant just completed a highly comprehensive and specialized build-to-suit to its exact specifications for operation as a 24/7 animal hospital and surgery center
Strong Parent Credit - Mars, Inc. acquired VCA Animal Hospitals, Inc. in 2017 for $9.1 billion; Mars is rated A+ by Standard & Poor's and it generates $47 billion in revenue annually employing more than 140,000 globally
Top Operator - VCA operates over 1,000 animal hospitals in 45 states and five Canadian provinces; its 4,500 veterinarians treat more than four million pets annually and is the top operator in the vet care space
Long-Term Lease - Tenant just executed a brand new fifteen (15) year lease with three (3), five (5) year renewal options beyond the primary term
Annual Rental Increases - The lease provides for two percent (2%) annual rental increases throughout the primary and option terms which provides prospective investors increasing returns over the duration of the investment period
Top MSA - Chicago is a top three MSA in the U.S. and is the ninth richest city in the world
Solid Demographics - The Property is ideally located near the major intersection of several interstates and is along a Metra Station line which provide excellent access to the over 160,000 in a five-mile radius earning in excess of $95,000 in AHHI
24/7 Animal Hospital and Surgery Center - VCA uses the Property to provide 24/7 emergency animal care and surgical operations to the region's residential population; it is a relocation and expansion of an already profitable clinic in Forest South
Highly Passive Net Lease - The Lease provides for a highly passive, Landlord friendly expense structure that requires Tenant to handle nearly all expenses and provides for reimbursement
Growing Industry - The global veterinary services market size was valued at approximately $113.6 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of around 6.4% from 2023 to 2030
