525 Main St - Veterinarian/Kennel FOR SALE


Oneonta, NY 13820
$600,000 USD
203-404-4088
525 Main St, Oneonta, NY for Sale
$600,000 USD
Veterinarian/Kennel - FOR SALE
1/6
null | Request Cap Rate

525 Main St
Oneonta, NY 13820


HIGHLIGHTS

  • Strong Tenant: VetCor operates 800+ locations nationwide.
  • Established Practice: Opened in 1994, relocated in 2014.
  • Undervalued Lease: Below-market rent and pricing under replacement cost.
  • Lease Terms: NN lease with 2% annual increases and multiple 5-year renewals.
  • Low Landlord Obligation: Responsible only for roof, structure, and CapEx.
  • Zoning Advantage: Commercial site with drive-thru for prescription pickups.

OVERVIEW

CORPORATE LEASE GUARANTEE: VetCor is one of the original Veterinary Practice Partners and operates over 800 locations Nationally. LONG OPERATING HISTORY: Practice first opened in 1994 and later relocated to its current location in 2014. ATTRACTIVE DEAL METRICS: Tenant is currently paying below market rent and deal pricing is wellbelow replacement cost. RENT INCREASES AND RENEWALS: The NN lease features both 2% annual increases and multiple 5-Year renewals. LIMITED LANDLORD RESPONSIBILITIES: The lease limits landlord responsibilities to Roof and Structure and CapEx Replacements. FAVORABLE COMMERCIAL ZONING: Historic property use was Fast Food and the site still utilizes the drive-thru window for prescription pickup.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oneonta Veterinary Hospital

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

420

APN/PARCEL ID

361200-288-019-0003-037-000-0000

ASK ABOUT THIS PROPERTY

Charles RichGreysteelMore Info
203-404-4088

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Charles RichGreysteelMore Info
203-404-4088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.