VetCor – Hickory NC

VetCor
27 13th Ave NE, Hickory, NC 28601, USA

Sands Investment Group is pleased to exclusively offer for sale the 7,123 SF VetCor NNN Asset located at 27 13th Avenue NE in Hickory, NC. VetCor, one of North America’s largest veterinary operators with over 900 locations, has operated at this site since 2023, continuing nearly 9 years of veterinary use at the property. Backed by leading institutional investors, the asset benefits from strong tenant credit and an in-place rent of $11.47 PSF with a Triple Net (NNN) Lease, which is below the estimated $16.00 PSF market rate, providing future upside potential.

  • Vetcor is one of the largest veterinary operators in North America, with 900+ practices across the US and Canada since its founding in 1997. Backed by Oak Hill Capital, Harvest Partners, and Cressey & Co., with institutional sponsorship behind the lease.
  • 9 years of continuous veterinary operation at this location with VetCor operating since 2023.
  • Triple Net (NNN) in-place rent of $11.47 PSF  sits well below the Triple Net (NNN) $16.00 PSF market rate.
  • Comprehensive care including wellness and nutrition, microchipping, dermatology, diagnostics, dental, surgical procedures, on-site pharmacy, and emergency services. A deep service mix drives higher revenue per patient and heavier facility investment, including a surgical suite, dental, imaging, and pharmacy.
  • A 4.8-star average across 464 reviews demonstrates strong client loyalty and a consistently high standard of care.

 

In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 BoR: Chris Sands – Lic. NC #300021

VetCor
27 13th Ave NE, Hickory, NC 28601, USA

VetCor

Vetcor is one of the largest veterinary practice networks in North America, partnering with more than 900 community-based animal hospitals across the United States and Canada. Founded in 1997, the company provides operational support, technology, recruiting, and business resources while allowing each veterinary practice to maintain its local identity and clinical autonomy. Vetcor’s mission is to enhance the health and well-being of pets and the people who care for them through high-quality, community-focused veterinary care.

BRAND MOMENTUM

  • Supports 900+ veterinary practices across the U.S. and Canada.
  • Employs more than 15,000 team members throughout its veterinary care network.
  • Continues expanding through strategic acquisitions while preserving each hospital’s local brand and operational independence.
  • Provides centralized operational, recruiting, technology, and clinical support to one of North America’s largest veterinary practice networks.

Price

$1,185,185

Cap Rate

6.89%

PREMISES

7,123 SF

YEAR BUILT

1953

RENEWAL OPTIONS

3 x 5 Year Options

Lease Expiration

06/30/2028

Lease Type

NNN

RENTAL INCREASES

2% Annually

BROKERS

Cole Koepsell
Charleston

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