Not long ago, the veterinary clinic sector wasn't on the radar of most net lease investors.
But culturally, Josh Pardue, senior director, Stan Johnson Company, tells GlobeSt.com, "Americans view their pets like family members and won't hesitate to spend discretionary dollars on their diet, health, general vet visits, and, at times, special lifesaving procedures. There is every expectation that this industry will continue to evolve and grow, and with that should be more investable net lease real estate."
It wasn't until Stan Johnson structured a $50-million-plus sale-leaseback portfolio with a leading net lease investor that the market really started taking this industry seriously, Pardue said.
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