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Desert Pines Equine Medical & Surgical Center 5000-5010 N Jones Blvd

5,774 SF Retail Building Las Vegas, NV 89130 $4,061,051 CAD ($703 CAD/SF) 6.50% Cap Rate

Investment Highlights

  • DENSELY POPULATED TRADE AREA
  • MISSION CRITICAL LOCATION
  • LONG TERM OPERATING HISTORY
  • MARKET LEADING TENANT
  • NO COMPETITION WITH 350 MILES
  • STRONG ANNUAL RENTAL INCREASES

Executive Summary

Bang Realty, as exclusive investment sales advisor to seller, is pleased to offer the opportunity to acquire the fee simple interest of Desert Pines Equine Medical & Surgical Center (DPE) located in Las Vegas, NV.
This highly specialized 5,774-square-foot facility, built in 1998 on a 2.18-acre site, stands as the only large animal surgery center within a 350-mile radius. Fully leased to Avanti Equine Veterinary Partners, part of the Altano Group, this asset benefits from the stability of a global leader in equine healthcare, with Altano operating over 77 clinics across 10 countries. Altano Group is headquarted in Dulmen, Germany and has more than 1,933 employees, including 450 veterinarians that provide first-class medical care to more than 100,000 patients across the globe. Altano Group acquired Avanti Equine Veterinary Partners in March of 2023 as their entry to the US market. Desert Pines Equine Meidcal & Surgical Center was one of seven clinics included in the acquisition which makes this property a mission critical asset for the tenant. Additionally, in 2021, Avanti Equine Veterinary Partners purchased the adjacaent parcel with plans to potentially expand the operation which further demonstrates their long term commitment to the location.
The facility includes a barn, breeding phantom, consult room, daytime pens, ICU, multiple treatment rooms, and an imaging area, and is staffed by 5 DVMs and 5 support personnel. DPE provides comprehensive services, including preventive care, emergency and critical care, sports and internal medicine, surgery, reproduction, diagnostics, and rural services, as well as chiropractic, microchipping, nutritional or biosecurity evaluations, and herd health consultations.
Strategically positioned along N Jones Blvd, the property enjoys exposure to approximately 19,263 vehicles per day. It is just 12 miles from the Las Vegas Strip and near multiple anchored shopping centers with tenants such as Lowe’s, Walmart, Smith’s, Albertson’s, and Costco. The site’s demographics boast a 5-mile population of 425,399 people which is expected to reach 456,831 people by 2029; with an average household income of $98,318 within a 1-mile radius. The location offers convenient access to the Las Vegas Valley area via I-11, I-15, and the Las Vegas Beltway.
Desert Pines Equine Medical & Surgical Center is also the exclusive provider of veterinary services for South Point Arena and all its equine events. Whether it’s team roping, reining, cutting, horse shows, barrel racing, cowboy shooting, or any other equestrian activity, they are the on-site clinic responsible for the care and treatment of horses. During rodeos, they also provide care for all the livestock.
This investment offers a stable, income-generating asset backed by a highly reputable international tenant, with strong NOI growth potential in the sought- after Las Vegas Valley.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
5,774 SF
Building Class
C
Year Built
1998
Price
$4,061,051 CAD
Price Per SF
$703 CAD
Cap Rate
6.50%
NOI
$264,035 CAD
Tenancy
Single
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.06
Land Acres
2.18 AC
Zoning
R-E
Parking
12 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
350 ft on Jones Blvd

Amenities

  • Pylon Sign
  • Signage

Nearby Major Retailers

U.S. Bank
EoS Fitness
Starbucks
The Habit Burger Grill
Bank of America
Dutch Bros
Nevada State Bank
Walmart Neighborhood Market
Planet Fitness
Rent-A-Center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
125-36-302-005
Land Assessment
$557,122 CAD
Improvements Assessment
$379,280 CAD
Total Assessment
$936,402 CAD
  • Listing ID: 33970768

  • Date on Market: 2024-11-22

  • Last Updated:

  • Address: 5000-5010 N Jones Blvd, Las Vegas, NV 89130

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