About the Investment

• Double-Net (NN) Lease | Minimal Landlord Responsibilities | Roof Replaced In 2020 | Twenty (20)-Year Roof Warranty | All HVAC Units Replaced In 2016 | The property is subject to a double-net lease with the landlord responsible for all structural and exterior repairs and replacements. The roof was replaced in 2020 and all HVAC units were replaced in 2016.
• Original Fifteen (15)-Year Lease | Approximately Ten (10) Years Remaining | Two (2), Five (5)-Year Options | The property is a subject to an original fifteen-year lease with approximately ten years of lease term remaining. There are two, five-year options remaining after the original term of the lease expires in April 2035.
• Rental Increases of Ten Percent (10.00%) Every Five (5) Years | Hedge Against Inflation | The lease of the subject property features healthy 10.00% rental increases every 5 years, offering a future investor with a hedge against inflation.
• Oversized 3.13 Acre Lot | 23,547 Square-Foot Building | Tenant Retrofitted The Existing Space In 2020 | Location Is Open 24/7 Everyday | The property is a large 23,547 square-foot building situated on an oversized 3.13-acre parcel. The site features strong visibility along Delaware Tpke and Churchmans Rd. The tenant operates 24/7 everyday.
• Lease Corporately Guaranteed By BluePearl | 110+ Hospitals In 30 States | Subsidiary Of Mars Petcare, A Subsidiary Of Mars, Inc. | The Largest Pet Nutrition & Veterinary Care Provider In The World | The lease of the subject property is corporately guaranteed by BluePearl which was acquired in 2015 by Mars Petcare; this acquisition solidified Mars Petcare as the largest pet nutrition and veterinary care provider in the world. BluePearl pet hospitals are located throughout the country, most of which are open 24 hours a day, every day of the year.