VetCor – Verona, WI

VetCor
203 W Verona Ave, Verona, WI 53593, USA

We are pleased to exclusively offer for sale the 4,400 SF VetCor NN Asset Medical located at 203 W Verona Avenue in Verona, WI. The property features a corporately guaranteed lease by VetCor, a leading veterinary services organization operating 900+ hospitals across the United States. The asset is strategically located just 2 miles from Epic Systems, a major employer in the region generating approximately $5 billion in annual revenue and employing over 13,000 people, supporting strong economic growth in the Verona area and providing a stable investment opportunity.

  • Corporate Guarantee from National Veterinary Operator: The lease is corporately guaranteed by VetCor, a leading veterinary services organization operating 900+ veterinary hospitals across the United States.
  • Proximity to Epic Systems Global Headquarters: The property is located just 2 miles from Epic Systems, a leader in electronic medical records software, generating approximately $5 billion in annual revenue and employing over 13,000 people, making it one of the largest private employers in Wisconsin and a major driver of growth in the Verona area.
  • Affluent and Rapidly Growing Madison Suburb: The property is located in Verona, Wisconsin, one of the fastest-growing suburbs in the Madison MSA, with population growth of over 130% since 2000 driven by strong residential and job growth.
  • Strong Household Incomes and Demographics: The surrounding area features strong demographics with an average household income of $131,611 within a 1-mile radius, well above the state average, supporting consistent demand for veterinary and pet care services.
  • Dense Residential Trade Area: The property is surrounded by well-established residential neighborhoods with 35,619 households within a 5-mile radius, supporting strong pet ownership levels and long-term demand for veterinary services.
  • Strategic Location Within the Madison MSA: Verona is located approximately 10 miles southwest of Downtown Madison and benefits from convenient access to US Highways 18 and 151, providing strong connectivity to the broader Madison metropolitan area.
  • Established Veterinary Clinic Location: Animal Hospital of Verona has served the local community for over 48 years, establishing a long-standing reputation and strong customer loyalty.
  • Growing Healthcare and Technology Employment Base: The Verona and Madison markets benefit from a strong employment base driven by technology, healthcare, and professional services, creating a stable economic environment that supports continued population growth and healthcare-related services.
  • Additional Income Opportunity: Separate grooming tenant (Creature Comforts) occupying a portion of the lower level, generating $14,234 annually on a month-to-month basis.

 

In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker – Lic. #938545-91 BoR: Scott Reid – Lic. WI #58772-90

VetCor
203 W Verona Ave, Verona, WI 53593, USA

VetCor

Established in 1997, Vetcor has built a community-centric veterinary services company supporting over 900 practices across the United States and Canada. Vetcor practices operate within a collaborative network while maintaining their unique identity and strong ties to their local communities. The organization is committed to providing excellent care and service to both patients and clients, while supporting team members in pursuing their passion for pet care without sacrificing work-life balance. Vetcor emphasizes active learning and well-being by offering long-term stability, wellness initiatives, and opportunities for continuing education and career growth.

Price

$796,822

Cap Rate

9.00%

PREMISES

4,400 SF

RENEWAL OPTIONS

2 x 5 Year Options

Lease Expiration

10/31/2028

Lease Type

NN

RENTAL INCREASES

2% Annually

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