Overview
Zeustra Healthcare Real Estate Advisors is pleased to present 1133 E Chestnut Avenue, a rare two-building medical office and surgery center portfolio in Vineland, NJ. The 13,900 SF property is 100% leased to three established medical tenants, anchored by Pulse Vascular—a fully accredited ambulatory surgery center. Pulse Vascular recently acquired the long-standing ASC practice and assumed a NN lease through August 2028, offering minimal landlord responsibilities and ensuring long-term income stability.
With a 9.5% cap rate, ASC rent well below market at $25.25 NN, and pricing significantly under replacement cost, the property offers immediate stable cash flow and substantial value-add potential. Situated in a prime medical corridor just minutes from Inspira Medical Center Vineland, and located in a CON-protected state with limited surgical competition, this investment is positioned for both near-term upside and long-term growth.
Investment Highlights
- Prime Healthcare Location – Minutes from Inspira Medical Center Vineland in a high-demand medical corridor.
- 100% Leased – Anchored by Pulse Vascular ASC plus two established specialty practices.
- Attractive Pricing – Offered at $188 PSF, significantly below the national average for ASCs. Current ASC rent at $25.25 NN is well below market, providing clear upside potential.
- Long-Term Stability – Pulse Vascular recently acquired the long-standing ASC practice and assumed a NN lease through Aug 2028 with minimal landlord responsibilities.
- Essential Facility for Tenant – Pulse Vascular conducts all procedures at this center, which provides the full OR and anesthetic capabilities not available at their other offices.
- CON State Advantage – Limited surgical competition supports tenant performance and long-term demand.
- Well-Maintained Asset – New roof on ASC; flexible design supports multiple medical specialties.
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