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Office Medical

Ocean View Veterinary Hospital & Pet Groomer

2033 US-9, Dennis, NJ 08210

Listing Price: $3,285,000

Cap Rate
6.12%
Gross SF
8,500
Rentable SF
8,500
Price/Gross SF
$386.47
Occupancy
100.0%
Year Built
2012
Lot Size
3.96 acres

Investment Overview

Marcus & Millichap is Pleased to Present The Ocean View Veterinary Hospital, Located in Cap May Court House of New Jersey. The Two Tenant Facility is 100 Percent Leased to National Veterinary Leader AmeriVet, and a Local Pet Groomer “Scissors & Suds.” AmeriVet has Practiced in Cap May Since 2017 and has 9.2 Years Remaining on the Lease. Since COVID-19, Studies Show Over 23 Million American Households got Pets. Veterinary Practices were Deemed Essential Through the Pandemic and Continue to Grow as Safe and Secure Investments. AmeriVet was Founded in 2017, and Currently have Over 250+ Veterinary Locations Nationally. AmeriVet is Majority Owned by Private Equity Group AEA, who has 36 Years of Investing Experience and Over $19 Billion Assets Under Management. The Ocean View Veterinary Hospital is in Cape May Court House of New Jersey, Sitting Minutes From the Ocean. Within a 6 Mile Radius, the Average Household Income is $122k+ and More than 10 Million Visitors Entering the Local Market Each Year. The Ocean View Veterinary Hospital is Located Adjacent to a Planned “$65 Million” Development of a Luxury Resort Destination that is Planned to be Completed by 2026. The Development Includes Hotels, Bungalows, Cabins, Acres of Land for Hiking, Walking, Fishing and more.

Investment Highlights

  • Anchor Tenant "AmeriVet" is a National Veterinary Company with Over 200 Locations Throughout the United States. Fast Growing Since Formation in 2017
  • Corporate Guaranteed AmeriVet Lease has 9.2 Years Remaining on Original 15 Year Lease
  • Tourism in Cape May Court House Brings in $6.6 Billion Annually with more than 10 Million People Visit Annually
  • Animal Hospital Sits Adjacent to the $65 Million Proposed Luxury Resort Planned to be Completed by 2026
  • The 2021 Pet Industry Expenditure was Over $123 Billion. Veterinary Services Accounted for Over $43.8 Billion. 70 Percent of U.S. Households Own a Pet (90.5 Million Home)

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s) NJ: 2192359

    New Jersey

Financing By

Office Medical

Ocean View Veterinary Hospital & Pet Groomer

Listing Price: $3,285,000

Cap Rate
6.12%
Gross SF
8,500
Rentable SF
8,500
Price/Gross SF
$386.47
Occupancy
100.0%
Year Built
2012
Lot Size
3.96 acres

Investment Highlights

  • Anchor Tenant "AmeriVet" is a National Veterinary Company with Over 200 Locations Throughout the United States. Fast Growing Since Formation in 2017
  • Corporate Guaranteed AmeriVet Lease has 9.2 Years Remaining on Original 15 Year Lease
  • Tourism in Cape May Court House Brings in $6.6 Billion Annually with more than 10 Million People Visit Annually
  • Animal Hospital Sits Adjacent to the $65 Million Proposed Luxury Resort Planned to be Completed by 2026
  • The 2021 Pet Industry Expenditure was Over $123 Billion. Veterinary Services Accounted for Over $43.8 Billion. 70 Percent of U.S. Households Own a Pet (90.5 Million Home)

Investment Overview

Marcus & Millichap is Pleased to Present The Ocean View Veterinary Hospital, Located in Cap May Court House of New Jersey. The Two Tenant Facility is 100 Percent Leased to National Veterinary Leader AmeriVet, and a Local Pet Groomer “Scissors & Suds.” AmeriVet has Practiced in Cap May Since 2017 and has 9.2 Years Remaining on the Lease. Since COVID-19, Studies Show Over 23 Million American Households got Pets. Veterinary Practices were Deemed Essential Through the Pandemic and Continue to Grow as Safe and Secure Investments. AmeriVet was Founded in 2017, and Currently have Over 250+ Veterinary Locations Nationally. AmeriVet is Majority Owned by Private Equity Group AEA, who has 36 Years of Investing Experience and Over $19 Billion Assets Under Management. The Ocean View Veterinary Hospital is in Cape May Court House of New Jersey, Sitting Minutes From the Ocean. Within a 6 Mile Radius, the Average Household Income is $122k+ and More than 10 Million Visitors Entering the Local Market Each Year. The Ocean View Veterinary Hospital is Located Adjacent to a Planned “$65 Million” Development of a Luxury Resort Destination that is Planned to be Completed by 2026. The Development Includes Hotels, Bungalows, Cabins, Acres of Land for Hiking, Walking, Fishing and more.

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s): NJ: 2192359

    New Jersey

Financing By

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