Thrive Pet Healthcare – Swedesboro, NJ

Thrive Pet Healthcare
392 Kings Hwy, Swedesboro, NJ 08085, USA

Sands Investment Group is pleased to exclusively offer for sale this 11,665 SF single-tenant Thrive Pet Healthcare NNN asset located at 392 Kings Highway in Swedesboro, NJ. Thrive Pet Healthcare is a leading national veterinary services platform, operating more than 400 clinics across 37 states. This offering features a highly passive, landlord-friendly lease structure, with responsibilities limited to the roof and structural components, providing investors with minimal management obligations and durable, predictable cash flow. Strategically located in the Philadelphia MSA (the 7th largest in the United States), the hospital has provided primary care, urgent care, and dentistry to dogs and cats in the region since 1986. Together, these attributes create a unique and compelling investment opportunity.

  • Leading Veterinary Services Platform: Thrive Pet Healthcare is a leading national veterinary services platform, operating more than 400 clinics across 37 states. Founded in 2003 and headquartered in Austin, Texas, Thrive has built a vertically integrated network offering primary, specialty, and emergency veterinary services, with a focus on innovation, affordability, and exceptional clinical care.
  • Premier Full-Service Veterinary Facility in the Philadelphia Suburbs: Thrive Pet Healthcare is one of the largest and best-equipped animal care facilities in the region, offering comprehensive services including advanced surgery, dentistry, and emergency care.
  • Dense, High-Income Trade Area: The property is located within the Philadelphia MSA, the 7th largest in the United States, and features an average household income exceeding $172,929 within a 5-mile radius, driving sustained demand for veterinary services.
  • AAHA-Accredited Veterinary Hospital: The hospital holds AAHA (American Animal Hospital Association) accreditation, a distinction earned by about 15% of veterinary practices in the U.S. This accreditation signifies that the hospital meets or exceeds over 900 rigorous standards for patient care, safety, and operational excellence, providing clients with the assurance of top-tier veterinary service. Practices that achieve AAHA accreditation often see measurable business benefits, including higher revenue, improved client retention, increased new patient acquisition, and reduced client lapses.
  • Highly Passive, Landlord-Friendly Lease Structure: Lease responsibilities are limited to roof and structural components, providing investors with minimal management obligations and durable cash flow.
  • Expanding, Recession-Resilient Veterinary Sector: The U.S. veterinary services industry generated more than $40 billion in revenue in 2025 and is projected to exceed $68 billion by 2033, driven by sustained growth in pet ownership, the continued humanization of companion animals, and increasing demand for preventative, specialty, and emergency veterinary care that remains largely non-discretionary across economic cycles.

In Cooperation With Sands Investment Group New Jersey, LLC – Lic. #2187470 BoR: Tom Gorman – Lic. NJ #2187471

 

Thrive Pet Healthcare
392 Kings Hwy, Swedesboro, NJ 08085, USA

Thrive Pet Healthcare

Thrive Pet Healthcare is a private, veterinarian-founded veterinary services company that operates a national network of animal hospitals and clinics across the United States. The organization focuses on providing a wide range of pet healthcare services, including wellness exams, preventive care, urgent and specialty medicine, emergency care, surgery, and more, through locally rooted hospitals supported by centralized resources. Each is backed with full operational support, so we can focus on the best care. Our teams are powered by advanced technology, training, and continuing education to offer leading treatments. We’re united to collaborate seamlessly whenever needed.We aim to create the future of pet well-being through medical excellence, innovative technology, and a connected community of teams and partners.We exist to nurture both pets and people through meaningful relationships and exceptional veterinary care.

Price

$4,555,150

Cap Rate

10.00%

PREMISES

11,665 SF

RENEWAL OPTIONS

3 x 5 Year Options at FMV

Lease Expiration

08/23/2029

Lease Type

NNN

RENTAL INCREASES

CPI Annually Capped at 4%

BROKERS

List with SIG

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