BNL Property Acquisition: MedVet Associates, LLC

Broadstone Net Lease has acquired two properties located in Worthington, Ohio and Carmel, Indiana tenanted by MedVet Associates, LLC. The properties are both veterinary hospitals, and were acquired via a sale leaseback transaction.

MedVet provides specialty and emergency veterinary care services for dogs and cats in a hospital setting, and operates additional veterinary hospitals, clinics, practices, laboratories, pharmacies, and other facilities throughout the U.S.

  • Closing Date: April 8, 2016
  • Square Footage: 71,353
  • Lease Type: Triple-net
  • Lease Length:  15 Years
  • Rent Increases: 2.50% annually
  • Broker/Source: Shad Phipps/CB Richard Ellis

Note: The brand listed may not represent BNL’s actual tenant but a lease guarantor, tenant franchise or a D/B/A (doing business as).