Mamaroneck Veterinary Hospital 649 W Boston Post Rd 7,876 SF Office Building Mamaroneck, NY 10543 $3,350,000 ($425.34/SF) 6.81% Cap Rate
INVESTMENT HIGHLIGHTS
- Triple-Net Lease: Minimal management required with tenant responsible for all major expenses.
- Inflation Hedge: Veterinary clinics demonstrate resilience across economic cycles.
- Strong Market Area: Situated in affluent Westchester County, with proximity to New York City.
EXECUTIVE SUMMARY
Presenting a prime investment opportunity in Mamaroneck, NY: The Mamaroneck Veterinary Hospital, leased to PetVet Care Centers, a leading veterinary operator with over 450 locations nationwide. Located along the busy Boston Post Road, this 7,876 sq. ft. property offers excellent visibility and accessibility in a vibrant, high-income area with an average household income exceeding $180,000 within three miles. Built in 1940 and renovated in 2000, the property is situated on a 0.24-acre lot and includes ample parking for convenience.
The property is secured by a NNN lease with approximately 6.7 years remaining, 2% annual rental escalations, and two 5-year renewal options, ensuring consistent income and a built-in inflation hedge. Backed by PetVet’s private equity partner, KKR, this location benefits from the financial stability and growth trajectory of one of the nation’s premier veterinary service providers.
The property is secured by a NNN lease with approximately 6.7 years remaining, 2% annual rental escalations, and two 5-year renewal options, ensuring consistent income and a built-in inflation hedge. Backed by PetVet’s private equity partner, KKR, this location benefits from the financial stability and growth trajectory of one of the nation’s premier veterinary service providers.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
7,876 SF
Building Class
B
Year Built/Renovated
1940/2000
Price
$3,350,000
Price Per SF
$425.34
Cap Rate
6.81%
NOI
$228,135
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,938 SF
Building FAR
0.76
Lot Size
0.24 AC
1 of 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 3203-009-000-00020-000-0439 | Improvements Assessment | $1,090,000 |
| Land Assessment | $750,000 | Total Assessment | $1,840,000 |
