Hamburg Veterinary Clinic

UVC - Hamburg Veterinary Clinic
Hamburg, NJ

UVC - Hamburg Veterinary Clinic

Investment Highlights

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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, Hamburg Veterinary Clinic investment property located in Hamburg, New Jersey. The Tenant, United Veterinary Care, has over 8 years remaining in their initial term with three 5-year options to extend. The lease features annual rental increases of the greater between 2% and uncapped CPI. The lease is a triple net with limited landlord responsibilities, all of which are reimbursed by the tenant. This is a low-management investment opportunity for a passive investor. United Veterinary Care was founded in 2019 with a mission to take care of the people who take care of animals and now have 103 locations in 22 states.

 

Location

Hamburg Veterinary Clinic is strategically located on Vernon Avenue. The site benefits from superior visibility via significant street frontage and a monument sign situated along Vernon Ave. It shares this busy Hamburg area with businesses like Autozone, Dominos, Dunkin’, Starbucks, and Walmart. The location benefits from the frequent street traffic of Vernon Ave, which sees 10,123 vehicles daily. The 5-mile trade area is supported by a population of 31,180 and 8,168 daytime employees with an average household income of $102,090.

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    Allendale Veterinary Hospital

    Allendale Veterinary Hospital
    Allendale, New Jersey

    Allendale Veterinary Hospital

    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 NNN leased, Allendale Veterinary Hospital investment property located in Allendale, New Jersey (Newark MSA). The tenant will sign a brand new 10-year lease at the close of escrow 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 option periods, steadily growing NOI and hedging against inflation.. The lease is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor. 

    Location

    The subject property is strategically located along Myrtle Avenue, a major retail and commuter thoroughfare averaging 26,200 vehicles passing by daily. The site benefits from nearby direct on/off ramp access to State Highway 17 (99,400 vehicles per day), the primary north/south commuter freeway traveling throughout Allendale. Additionally, the asset is ideally situated adjacent to Allendale Town Center, a newly renovated, 90,000 square foot neighborhood center featuring more than 20 stores including ACME Markets, TD Bank, Great Clips, and more, increasing consumer draw to the immediate trade area. Moreover, the veterinary clinic is strategically positioned within walking distance of Allendale Recreation Park, a popular scenic attraction with a large grass area perfect for pet owners to walk/run their dogs. The 5-mile trade area is supported by more than 180,500 residents and 103,000 daytime employees. Residents within 1 mile of the subject property feature an affluent average household income of $232,869.

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      Audubon Veterinary Associates

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      VCA – Audubon Veterinary Associates

      VCA – Audubon Veterinary Associates

      247 S White Horse Pike, Audubon, NJ 08106, USA

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