NVA - My Pet's Veterinary Center
- Price: $1,069,000
- Cap Rate: 7.50%
- Years Remaining: 5
- Rentable Area: 3,300 SF
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NVA - My Pet's Veterinary Center
Hainesport, NJ
Investment Highlights
- Sales Price: $1,069,000
- Cap Rate: 7.50%
- Years Remaining: 5
- Lot Size: 1.03 Acres
- Market: Hainesport, New Jersey
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, My Pet’s Veterinary Center investment property located in Hainesport, NJ. The Tenant, NVA, has over 5 years remaining in their first extension with one 5-Year option to extend remaining. The lease features annual CPI increases, generating additional NOI and hedging against inflation. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. The lease is corporate guaranteed by National Veterinary Associates, Inc. the largest private owner of freestanding veterinary hospitals with over 1,000 locations worldwide.
Location
College Garden Animal Hospital is strategically located on Marne Highway. The site benefits from superior visibility via significant street frontage and a monument sign situated along Marne Highway. It shares this busy Hainesport area with businesses like Wawa, Chase, Sonic, and Starbucks. The location benefits from the frequent street traffic of Marne Highway, which sees over 8,300 vehicles daily. The 5-mile trade area is supported by a population of 116,901 and 48,066 daytime employees with an average household income of $104,554.
