NUTLEY ANIMAL HOSPITAL

INVESTMENT HIGHLIGHTS

• Safety and Livability – Nutley consistently ranks as one of the safest and most livable towns in New Jersey, making it an attractive place to live for families and individuals alike.
• National Veterinary Associates – NVA is one of the world’s largest veterinary and pet care service companies, operating over 1,400+ animal hospitals and pet resorts across the country.
• Easy Commute – With its proximity to major highways and public transportation options, Nutley offers residents an easy commute to nearby cities like New York City, just 12.5 Miles away from the site.
• 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.
• Caters to Nearby Affluent Populations – The asset caters to over 238K residents within a 5-mile radius who boast an average household income of over $105K.
• Tenant Investment in Location – Pet Hospitals rarely relocate due to difficulty retaining the same patients in a new location, and the high costs of moving.
• Stable Investment – There are just under 5 years remaining on the lease. The tenant recently exercised their first option to extend the lease, showing commitment to the site.
• Very Passive Lease Structure – There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.
• Scheduled Rental Increases – CPI annual rental increases provide a future owner with a boost in cash flow and return on their investment, along with protection against inflation.