Abri Animal Hospital
Cape May Court House, NJ

VCA

Abri Animal Hospital

38 S. Delsea Dr. Cape May Court House, New Jersey 08210

Investment Highlights

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Description

The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased VCA Abri Animal Hospital in Cape May Court House, New Jersey. The tenant, Pet Partners LLC, currently has nearly 4 years remaining on their initial term, with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term, and during the option periods, generating additional NOI and hedging against inflation. Landlord responsibilities are limited to maintaining HVAC, plumbing, septic, electrical, roof and structure, and partial ta payments. The property was retrofitted with a new roof in 2020. VCA Animal Hospital is at the forefront of veterinary care for your pet and is committed to improving the standard of car for pets worldwide. 

Location

Abri Animal Hospital is located along S Delsea Drive, which averages 10,600 vehicles passing by daily. The subject site occupies significant street frontage, and is equipped with a monument sign, promoting excellent visibility. Nearby national/credit tenants include TJ Maxx, Big Lots, Staples, CVS, WaWa, and more. Strong surrounding tenant synergy increases consumer draw to the overall trade area and promotes crossover exposure to the site. The property is in close proximity to multiple public beaches, including Stone Harbor, Avalon, Sea Isle City, Wildwoods, and more, providing pet owners a place to walk/run their dogs. The 5-mile trade area is supported by over 14,800 residents and 8,900 employees. Household within 1 mile boast an affluent average household income $108,690.

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