Pet Lodge of Pinehurst - Aberdeen, NC

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the fee simple interest in Pet Lodge of Pinehurst located at 145 Aqua Shed CT, Aberdeen, NC 28315 (the "Property" or "Asset"). Pet Lodge of Pinehurst (the "Tenant") will commit to a 20-year Absolute Triple-Net (NNN) lease with multiple renewal options, which will commence upon close of escrow. The annual rent will be $270,000 and has scheduled increases of 2.0% annually in the primary term and through the option periods. The modest starting rent is supported by strong site-level performance – demonstrating a robust 2.39x rent to EBITDAR coverage.

Comprising 10,121 rentable square feet, the Property serves as a strategic location for Pet Lodge of Pinehurst’s mission to deliver premium pet care services in the Sandhills market. Founded in 2013, Pet Lodge of Pinehurst stands as one of the most comprehensive pet care services in the Carolinas, offering luxury boarding, playful daycare, and full-service grooming for animals.

Aberdeen is situated approximately 95 miles east of Charlotte and 75 miles southwest of Raleigh, in the heart of the Pinehurst – Southern Pines, NC MSA. The Asset is situated near a retail corridor featuring national retailers including Walmart, Chick-fil-A, Target, and Best Buy. The trade area is highly affluent, with an average household income of nearly $112,043 within a 1-mile radius and a population exceeding 42,000 within five miles.

This offering gives investors the chance to acquire a pet services asset in one of North Carolina’s most desirable markets. The Property delivers secure, long-term cash flow through a newly executed 20-year absolute NNN lease with favorable annual rental escalations, no landlord responsibilities, and multiple renewal options.