1946 Central Ave - Veterinarian/Kennel FOR SALE
Albany, NY 12205 |
$2,086,444 USD
949-662-2256
1946 Central Ave
Albany, NY 12205
HIGHLIGHTS
- Stable Investment – There are ±14 years remaining on the NNN lease with 2.5% annual increases and two, five-year options to extend the lease
- Scheduled Rental Increases | Hedge Against Inflation – The lease features 2.5% annual rental escalators
- Healthcare Real Estate | Recession Resistant Property – Veterinary hospitals are extremely sought-after investments for their resistance to downturns.
- Prime Location – The ±4,238 SF practice is ideally located along Central Avenue, NY-5, offering excellent visibility & easy access to major freeways.
- Comprehensive Services | Multi-Doctor Location – PetMedic Urgent Care provides high-quality general urgent care for pets throughout the Albany County
- Robust Growth Industry – The global veterinary services market size is expected to reach $142 Billion by 2025 with a CAGR of 5.6% during that period.
FOR SALE DETAILS
PRICE
$2,086,444 USD
PRICE/SF
$492 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
PetMedic Urgent Care | Rarebreed | Albany, NY
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Veterinarian/Kennel
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1940
SPRINKLERS
-
PARKING SPACES
16
LAND DETAILS
LAND ACRES
0.74 AC
LAND SF
32,234 SF
ZONING
12
APN/PARCEL ID
012689-029-001-0001-023-001-0000
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949-662-2256
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949-662-2256
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