1946 Central Ave, Albany, NY 12205

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, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.

Healthcare Real Estate | Recession Resistant Property – Veterinary hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.

Prime Location – The ±4,238 SF practice is ideally located along Central Avenue, NY-5, offering excellent visibility and easy access to major transportation routes, including I-87 and I-90. This asset caters to more than 123,000 residents with an average income of over $109K within a 5-mile radius of the site.

Comprehensive Services | Multi-Doctor Location – PetMedic Urgent Care provides high-quality general urgent care for pets throughout the Albany County community. With flexible scheduling and a compassionate team, the clinic delivers timely, exceptional care. Its broad range of services offers stability and creates opportunities for continued growth across multiple areas of care.

Tenant Investment In Location – Pet hospitals rarely relocate due to the difficulty of retaining the same patients in a new location and the high costs associated with moving and build-outs.

Concentrated Corridor – The property is surrounded by a mix of residential communities, schools, parks, hospitals, and major retailers, including Target, Lowe’s, Trader Joe’s, Walmart Supercenter, Shaker Ridge Country Club, Albany International Airport, and Crossgates Mall all just ±5 miles away.

Very Passive Lease Structure – There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.

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.