The Hubbell Animal Hospital — Sale in Des Moines, IA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Des Moines, IA 50317

Photos

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Investment Figures

Cap rate
7.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the net-leased investment opportunity located at 3451 Hubbell Ave in Des Moines, Iowa. The property features a veterinary care facility backed by Mission Pet Health (MPH), a leading veterinary care organization with a national footprint of more than 840 locations across the United States. The property is secured by approximately 5.7 years of remaining lease term, providing investors with a stable income stream supported by a Double-Net (NN) lease structure that minimizes landlord responsibilities. The lease also includes one five-year renewal option, offering the potential for continued long-term occupancy and cash flow. The investment is further supported by the continued strength of the U.S. pet care industry, where annual consumer spending exceeds $154 billion, reflecting sustained demand for veterinary services and essential pet healthcare. Additionally, the surrounding trade area includes a population exceeding 124,000 residents within a five-mile radius and is projected to grow by approximately 3.5 percent over the next five years. This expanding consumer base reinforces long-term demand for veterinary services and positions the property for continued operational success and durable investment performance. Investment Highlights: • MPH has Over 840 Locations Across the U.S. • Double-Net (NN) Lease Offers Investor Minimal Landlord Obligations • MPH Has 5.7 Years of Term Remaining with One, Five-Year Renewal Option • Lease Features a Multi-Unit Subsidiary Guarantee that is Backed By Two (2) Hospitals • The Pet Industry Expenditure Exceeds $154 Billion

Market Context

This office in Des Moines, IA is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in Des Moines, IA — view the full market.

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