Listed by SURMOUNT
$3,102,973
PetVet Mamaroneck - 2% Annual Bumps - Wealthy NYC Suburb
Details
Property Type Office, Retail
Sub Type Medical Office, Veterinarian
Square Footage 7,876
Cap Rate 7.5%
NOI $232,723
Occupancy 100%
Tenancy Single
Brand/Tenant PetVet
Lease Type NN
Lease Term 10
Lease Expiration 06/30/2031
Remaining Term 5
Year Built 1940
Year Renovated 2000
Acreage 0.240
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/16/2021
Ground Lease No
Ownership Fee Simple
7.50% CAP | Strong Site Performance (Inquire W/ Broker)
Marketing description
Surmount is pleased to present the exclusive listing for a PetVet located at 649 West Boston Post Road, Mamaroneck, New York 10543. The site consists of roughly 7876 rentable square feet of building space on an estimated 0.24-acre parcel of land. This PetVet is subject to a 10-year Double Net (NN) lease, which commenced 6/16/2021. The current annual rent is $232,723 and has scheduled increases of 2.00% Annually.
Investment highlights
- Long Term Lease | The original 10-year double-net lease, currently has over six years remaining. The lease features 2% annual increases throughout the base term and option periods. Landlord responsibilities are limited to roof & structure.
- Strong PE Backed Operator | PetVet is a premier operator of veterinary hospitals across the nation. With over 450 sites in 40 states within the US, it has one of the largest networks in the industry. In 2017, it was announced that PetVet was acquired by KKR, a leading global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit and, through its strategic manager partnerships, hedge funds.
- E-Commerce & Recession-Resistant Property | Veterinary properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$232,723.00
$19,393.58/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
Map
Zoning
C-1/RM-2 MixedMixed UseGeneral Commercial And Multiple Residence District
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View all 48 uses Last updated Mar 17, 2026 For deeper zoning details, reports are available at Zoneomics
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