212 S Innovation Ln Meridian, ID 83642

Listing Agency Broker of Record Solutions, Inc.

Listed by Alex Everest · License #GA

Source Crexi

Added: Apr 11 Updated: Jul 20 at 6:19 pm Checked: Jul 20 at 6:19 pm

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Investment Insights

Based on property information with market context.

The MedVet Meridian 24/7 Animal Emergency Hospital is a newly constructed, build-to-suit facility providing round-the-clock emergency and specialty care for pets. The hospital is described as state-of-the-art and includes advanced technology and imaging equipment, including CT, dedicated surgical suites, digital radiograph, endoscopy, and point-of-care ultrasound.

The property is operated under the WestVet brand and is 100% leased for a 15-year term that commenced October 1, 2023, with three 5-year renewal options and 1.7% annual rent increases during the primary term and option periods. The lease is an absolute NNN structure, with no landlord responsibilities.

Located at 212 S Innovation Ln in Meridian, Idaho, the facility represents the fourth WestVet/MedVet location in Idaho, joining other WestVet and MedVet operations across the state that include 24/7 emergency and urgent care offerings.

Key Highlights

• Newly constructed, build‑to‑suit 24/7 animal emergency and specialty hospital for pets
• 100% leased for a 15‑year term that began October 1, 2023, with three 5‑year renewal options
• Absolute NNN lease structure with no landlord responsibilities

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FAQs

What type of property is this?

Hospital - Newly constructed build-to-suit facility offering 24-hour emergency and specialty veterinary services.

Where is this hospital located?

The property is located at 212 S Innovation Ln Meridian, ID.

What are key features of this property?

This property features: Newly constructed, build‑to‑suit 24/7 animal emergency and specialty hospital for pets; 100% leased for a 15‑year term that began October 1, 2023, with three 5‑year renewal options; Absolute NNN lease structure with no landlord responsibilities