310-312 US-22, Green Brook Township, NJ 08812

LONG TERM LEASE: Best Friends Pet Care has been at this location since 2019 and has 9+ years remaining on their Absolute NNN Lease with three (3), 5-year renewal options.

SUBSTANTIAL RENT INCREASES: The Best Friends Pet Care lease calls for attractive 1.5% annual rent increases throughout the primary lease term and each of their renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation.

CORPORATE LEASE: The Best Friends Pet Care is corporately leased and operated. Best Friends Pet Care is the country’s first and longest running Play & Stay pet destination, with more than 40 locations nationwide with continued expansion plans for the future.

ZERO LANDLORD RESPONSIBILITIES: Best Friends Pet Care has an Absolute NNN Lease and is responsible for all operating expenses at the Property including real estate taxes, insurance, and common area maintenance, protecting against rising expenses. Best Friends Pet Care is also responsible for the roof, structure and parking lot replacement.

STRATEGIC LOCATION: Best Friends Pet Care is well located along US Route 22, the area’s primary commercial and commuter corridor. The build-to-suit Property has outstanding frontage and visibility and is surrounded by national and local retailers and restaurants. The Property is also close to densely populated residential neighborhoods providing a built-in customer base. The Property is close to NJ Route 28 and Interstate 287 and is just 35-miles southwest of New York City.

RECESSION & E-COMMERCE RESISTANT TENANT: The pet care and pet lodging industries are experiencing significant growth with the U.S. pet care market expected to reach $116.14 billion by 2032. This expansion is fueled by the growing awareness of animal welfare, the availability of diverse pet care products, and the increasing tendency of pet owners to treat their pets as family members. The global pet lodging market, encompassing services like pet hotels and kennels, was valued at $3.9 billion in 2023 and is anticipated to grow to $5.9 billion by 2030, exhibiting a CAGR of 6.1%. This growth is attributed to urbanization, increased disposable incomes, and the rising demand for high-quality pet care services. Modern pet lodging facilities are integrating technological advancements such as real-time monitoring systems and online booking platforms to enhance customer experience.

RETAIL TRADE AREA: Numerous businesses, retailers and restaurants draw consumers to the trade area including Costco, CarMax, Superfood Fresh Supermarket, Acme Markets, Harbor Freight, Ashley Furniture, Basset, Lucky Strike Bowling, DaVita, Walgreens, CVS, Valvoline, Mavis, Dollar Tree, Outback Steakhouse, Carrabba’s, McDonald’s, Starbucks, Burger King, Wendy’s, Popeyes, Taco Bell, Sonic, White Castle, Dunkin’, TD Bank, and PNC Bank.

TRAFFIC COUNTS: Over 48,400 vehicles pass by the Property each day along US Route 22.

DEMOGRAPHICS: Over 82,700 people live within 3 miles of the Property with an average household income of $167,427. More than 204,700 people live within a 5-mile radius of the Property with an average household income of $153,984. Additionally, there are more than 124,300 employees within 5 miles of the Property.