Overview
JDS Real Estate Services Inc. is pleased to present 1133 E Chestnut Avenue, a rare two-building medical office and surgery center portfolio in Vineland, New Jersey. The 13,900-square-foot site is 100% leased to three established medical tenants, anchored by Ambulatory Care Center P.A.—a fully accredited ambulatory surgery center. Pulse Holdings recently acquired the long-standing ASC practice and assumed a NNN lease through August 2028, offering minimal landlord responsibilities and ensuring income stability.
Situated in a prime medical corridor just minutes from Inspira Medical Center Vineland, and located in a CON-protected state (Certificate of Need) with limited surgical competition, this investment is positioned for both near-term upside and long-term growth. This is a fully accredited ambulatory surgery center that has been operating for over 20 years. In New Jersey, CON laws tightly restrict the number of licensed ASCs, making them highly valuable and creating sticky, long-term tenancy.
Interested bidders can review the full Ten-X auction listing including due diligence materials, lease documentation, auction terms, and bidding instructions and submit offers directly through the Ten-X platform.
Investment Highlights
- Attractive Auction Opportunity – Being offered via Ten-X auction, providing investors the opportunity to acquire the asset at a compelling basis. Current ASC rent at $25.25 NN is well below market, providing clear upside potential.
- Long-Term Stability – Pulse Holdings recently acquired the long-standing ASC practice and assumed a NN lease through Aug 2028 with minimal landlord responsibilities and renewal options long into the future.
- CON laws in New Jersey tightly restrict the number of licensed ASCs, making them highly valuable and creating long-term tenancy.
- Recent Tenant Capital Investment – Pulse Holdings invested approximately $150,000 within the last few months to upgrade the space, including improvements to flooring, recovery areas, and operating rooms, reinforcing long-term commitment. Landlord completed a new roof replacement in 2025 ($55,000) and resurfaced the parking lot.
- Prime Healthcare Location – Minutes from Inspira Medical Center Vineland in a high-demand medical corridor.
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