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Veterinary Emergency Group 16314 N Dale Mabry Hwy 5,511 SF Retail Building Tampa, FL 33618 $6,876,873 CAD ($1,247.84 CAD/SF) 5.75% Cap Rate
Investment Highlights
- PET INDUSTRY GROWTH & EMERGENCY CARE DEMAND TAILWINDS
- DENSE SURROUNDING RETAIL
- INFILL LOCATION
Executive Summary
OPTIMAL LEASE STRUCTURE
- 12-year lease with 10% bumps every 4 years and 12% in option periods
- Absolute NNN lease providing zero landlord responsibilities
- Passive investment
STRONG CORPORATE GUARANTEE
- Veterinary Emergency Group operates 120+ emergency hospitals across 20+ states
- Founded in 2014 and headquartered in White Plains, NJ
- Scaled rapidly nationwide with a standardized hospital model focused solely on emergency medicine
TAMPA MSA
- One of the fastest-growing large MSAs in the Southeast
- Tampa-St. Petersburg-Clearwater MSA has grown ~15%+ since 2010, outpacing the US average significantly
- Consistently ranks among the top net domestic migration markets in the country, fueled by the Midwest and Northeast
PET INDUSTRY GROWTH & EMERGENCY CARE DEMAND TAILWINDS
- US pet industry has grown to $147B+ annually (2023), nearly doubling over the past decade
- Over 66% of US households (86M+) own a pet
- Veterinary spending has increased at a ~8–10% CAGR in recent years
- Tampa ranks among Florida's largest and fastest-growing pet ownership markets
INFILL LOCATION
- 12 miles from downtown Tampa
- Within a 1-mile radius there is over 1M SF of retail
- Site benefits from a limited retail supply pipeline and the dense residential neighborhoods of Carrollwood Village and Carrollwood Meadows
DENSE SURROUNDING RETAIL
- In the top 25% of Pet Stores & Services nationwide (Placer.ai)
- Excellent exposure along a major retail and commuter corridor
- Unmatched visibility along Dale Mabry Highway with over 46,500 VPD
- 12-year lease with 10% bumps every 4 years and 12% in option periods
- Absolute NNN lease providing zero landlord responsibilities
- Passive investment
STRONG CORPORATE GUARANTEE
- Veterinary Emergency Group operates 120+ emergency hospitals across 20+ states
- Founded in 2014 and headquartered in White Plains, NJ
- Scaled rapidly nationwide with a standardized hospital model focused solely on emergency medicine
TAMPA MSA
- One of the fastest-growing large MSAs in the Southeast
- Tampa-St. Petersburg-Clearwater MSA has grown ~15%+ since 2010, outpacing the US average significantly
- Consistently ranks among the top net domestic migration markets in the country, fueled by the Midwest and Northeast
PET INDUSTRY GROWTH & EMERGENCY CARE DEMAND TAILWINDS
- US pet industry has grown to $147B+ annually (2023), nearly doubling over the past decade
- Over 66% of US households (86M+) own a pet
- Veterinary spending has increased at a ~8–10% CAGR in recent years
- Tampa ranks among Florida's largest and fastest-growing pet ownership markets
INFILL LOCATION
- 12 miles from downtown Tampa
- Within a 1-mile radius there is over 1M SF of retail
- Site benefits from a limited retail supply pipeline and the dense residential neighborhoods of Carrollwood Village and Carrollwood Meadows
DENSE SURROUNDING RETAIL
- In the top 25% of Pet Stores & Services nationwide (Placer.ai)
- Excellent exposure along a major retail and commuter corridor
- Unmatched visibility along Dale Mabry Highway with over 46,500 VPD
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,511 SF
Building Class
B
Year Built
2025
Price
$6,876,873 CAD
Price Per SF
$1,247.84 CAD
Cap Rate
5.75%
NOI
$395,409 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.42 AC
Zoning
PD
Parking
87 Spaces (15.79 Spaces per 1,000 SF Leased)
Frontage
154’ on N DALE MABRY Hwy
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Professional, Scientific, and Technical Services
- 5,511 SF
- -
- May 2037
Les urgences ne sont pas seulement une spécialité, c'est tout ce qu'ils font. VEG gère les cas difficiles jour et nuit et donne aux parents d'animaux la tranquillité d'esprit qu'ils méritent. Chez VEG, ils gardent les choses complètement transparentes, de leur environnement hospitalier entièrement ouvert et immersif à l'accent mis sur le client. Les clients voient des héros qui sauvent des vies au fur et à mesure qu'ils se produisent et peuvent participer aux soins de leur animal autant qu'ils le souhaitent. C'est une expérience d'urgence élevée qui fonctionne pour les personnes et leurs animaux de compagnie.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Professional, Scientific, and Technical Services | 5,511 SF | - | May 2037 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | U-28-27-18-ZZZ-000000-67300.1 | Improvements Assessment | $2,930,428 CAD |
| Land Assessment | $136 CAD | Total Assessment | $2,930,564 CAD |
Property Taxes
Parcel Number
U-28-27-18-ZZZ-000000-67300.1
Land Assessment
$136 CAD
Improvements Assessment
$2,930,428 CAD
Total Assessment
$2,930,564 CAD
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Kendra Doherty -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Veterinary Emergency Group | 16314 N Dale Mabry Hwy
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