MCRE, LLC - Henry McClure: FW: 13 Year ABS NNN Veterinary Hospital | Corporate Tenant

Saturday, January 27, 2024

FW: 13 Year ABS NNN Veterinary Hospital | Corporate Tenant | 7% Cap Rate

From: Andrew Evans <andrew.evans@matthews.com>
Sent: Friday, January 19, 2024 7:33 AM
To: mcre13@gmail.com
Subject: 13 Year ABS NNN Veterinary Hospital | Corporate Tenant | 7% Cap Rate

Absolute NNN Lease- This investment offers a potential investor a completely hands-off and passive investment

Price

$2,674,285

CAP RATE

7.00%

TERM REMAINING

±13.10 YRS

Investment Highlights

Strong Performance History- Thrive Pet Healthcare acquired the practice in 2021 because of the site's strong, successful performance.
Fastest-Growing County in New Jersey & Highest-Density Population Zone- The subject property is located in the fastest-growing county in New Jersey. The local average household income in the immediate trade area exceeds $110,000 which is double the national average. This asset caters to over 650,000 residents within a 5-mile radius.
Absolute NNN Lease- This investment offers a potential investor a completely hands-off and passive investment with zero landlord responsibilities; the tenant takes care of all taxes, utilities, maintenance and repairs.
Comprehensive Cancer Care Center- This location provides medical/radiation oncology services in addition to CT, X-ray, ultrasound and features on-site outpatient internal medicine service.
Strategically Located Hospital- This center is located between every regional north-south and east-west highway, including major highway exits; providing for convenient and strategic access for patients from the surrounding counties.
Robust Industry Growth- The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.