Heartland Veterinary Partners (Phoenix, AZ) 4801 N 75th Ave

PROPERTY & LEASE HIGHLIGHTS
• Heartland Veterinary Partners Corporate Guaranty: Lease features a corporate guaranty from Heartland Veterinary Partners - one of the highest quality and fastest growing veterinary support organizations in the U.S., with over 300 veterinary practices across the Midwest and Southern markets.
• Top MSA (Phoenix): The Phoenix MSA is one of the most populous and fastest-growing metropolitan statistical areas in the United States.
• Secure Financial Backing: Heartland Veterinary Partners is supported by Gryphon Investors - a prominent private equity firm specializing in the profitable growth and competitive enhancement of middle-market companies. With approximately $9.0 billion in assets under management, Gryphon has a robust track record of partnering with management teams to achieve transformational growth and returns.
• Passive Lease Structure: This NN lease provides a passive investment vehicle for all types of investors, with minimal landlord responsibilities.
TENANT HIGHLIGHTS
• Long Term Commitment To The Site: This practice is a very well-known staple in the community. They have been providing complete veterinary care for dogs and cats in Phoenix, Glendale and Peoria since 1982.
• Tenant Investment In Location: Veterinary hospitals hardly ever relocate due to the high costs associated with moving and difficulty retaining the same patients in a new location. They are also very well insulated from e-commerce competition and resilient to economic downturns.
• Growing Company: Heartland’s footprint continues to expand rapidly through the successful execution of veterinary practice acquisitions and partnerships.
• Full Range Veterinary Services: This veterinary hospital offers all types of veterinary medicine, dentistry, surgery, and more. Practice was acquired by Heartland due to its exceptional performance.
• Robust Industry Growth: The global veterinary services market size was estimated at USD 120.12 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.45% from 2023 to 2030.
• Key Pet Ownership Statistics In The US:
— 66% of households in the US, or 86.9 million, own a pet. This increase in pet ownership trend has fueled demand for veterinary services, including preventive care, diagnostics and treatments.
— The average US dog owner spends about $2,524 per year on recurring pet costs.
— People spent $136.8 billion on pets in 2022, and $147 billion on pets in 2023.*
LOCATION HIGHLIGHTS
•Rapid Expansion: Phoenix (the capital of Arizona) is in the Phoenix Metropolitan Area, one of the fastest growing regions in the United States. This growth has led to increased demand for healthcare, housing, retail, and professional services.
• Strong Population: As of 2023, Phoenix has a population of approximately 1.75 million, making it the fifth-largest city in the United States.
• Strategic Location: The property is located at the heart of a large residential community, surrounded by thousands of homes. This prime location ensures a steady and reliable customer base, as local homeowners frequently bring their pets to the clinic for veterinary care, fostering strong community ties and a consistent demand for services.
• Robust Demographics: Local demographics feature a population base of 99,167 people within a 2 mile radius, and 428,696 people within a 5 mile radius.
• Business Friendly State: Arizona is known for its competitive tax environment, which, combined with Chandler’s pro-business policies, continues to attract corporate investments. With ongoing commercial and residential developments, Chandler remains a hotspot for real estate investment.
• Job Growth: Phoenix consistently ranks among the top U.S. metros for job creation, with significant expansions in sectors like aerospace, bioscience, and renewable energy.