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K9 Resorts – Cherry Hill, NJ

K9 Resorts – Cherry Hill, NJ

1149 Marlkress Rd, Cherry Hill, NJ 08003

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PROPERTY DETAILS

Price:

$3,555,555

Cap Rate:

6.75%

NOI:

$240,000

Property Overview

Equity Retail Brokers is pleased to offer for sale the K9 Resorts in Cherry Hill, NJ. This deal includes a brand new 15-year absolute triple net (NNN) lease with zero landlord responsibilities to begin at the close of escrow, providing for a secure investment. The lease comes with the added security of a corporate guaranty from K9 Resort’s corporate entity, adding a layer of security and confidence for investors. K9 Resorts has occupied this site since 2019, and completely renovated the space to accommodate their business model.

Located just 11 miles from Philadelphia, this property enjoys a prime location surrounded by a strong mix of major tenants and thriving economic activity. The site benefits from outstanding demographics, with over 239,927 residents within a 5-mile radius and an impressive average household income of $129,952. Additionally, the area boasts a robust daytime population of 170,000 employees and more than 9,000 apartment units, creating a strong and diverse customer base to support the continued success of K9 Resorts.

Property Highlights

  • Corporate Tenant and Guaranty: Founded in 2005, K9 Resorts is a premier pet care franchise specializing in luxury dog boarding and daycare services. With 42 locations across 18 states and plans to expand to 100 locations, K9 Resorts is rapidly growing as a trusted name in high-end pet hospitality in the U.S.
  • Sale Leaseback: Brand New 15-Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities to Begin at the Close of Escrow.

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