Established Veterinary Clinic-New York-9% cap
Veterinary Clinic-Single tenant-New York-5+ years-9% cap rate
Marketing description
Marcus & Millichap is pleased to present Vestal Veterinary Hospital located at 2316 Vestal Pkwy E., Vestal, New York. This veterinary hospital was constructed in 1980 and is comprised of 8,536 square feet situated on 1.20 acres of land. This hospital is 100 percent occupied by Vestal Veterinary Hospital operating under a double-net lease structure with a corporate guarantee. There are three 5- year renewal options with 2% annual rental increases. There are 5 Years of term remaining on the initial lease term.
Vestal Veterinary Hospital provides comprehensive veterinary care for pets in the community. The clinic offers a full range of services, including wellness exams, vaccinations, dental care, surgical procedures, and diagnostic testing. With a focus on compassionate, personalized care, the hospital strives to ensure the health and well-being of both dogs and cats. Equipped with modern facilities and staffed by experienced veterinarians and technicians, Vestal Veterinary Hospital is a trusted destination for pet owners seeking professional and attentive veterinary services in the Vestal area.
Located on Vestal Parkway, also known as Route 434, is a major east–west commercial corridor through Vestal, NY, providing excellent connectivity to surrounding highways and regional routes. It links directly to Route 26, Route 201, and nearby interchanges with Route 17, making travel to Binghamton and other parts of Broome County quick and convenient. The Parkway is lined with a variety of amenities, including grocery stores like ALDI, pharmacies such as CVS, shopping centers, hotels like Holiday Inn Express and Homewood Suites, and civic facilities including the Vestal Town Court. The area also offers recreational options, with the Vestal Rail Trail and bike paths providing safe spaces for walking, running, and cycling. Residential properties and mixed-use developments are interspersed along the corridor, creating a balance between commercial activity and local living.
Investment highlights
NN Lease – This investment offers a potential investor a passive, long-term investment with minimal landlord responsibilities
• Corporate Guarantee Premier Vet Operator – Encore Vet Group is a leading operator of pet healthcare facilities in the U.S. with 60+ veterinary hospitals in 18 states
• Tenant Investment in Location – Veterinary Clinics rarely relocate due to difficulty retaining the same patients in a new location
• Located at a signalized intersection of Vestal Pkwy (30,000 VPD) and African Road
• Multiple Points of Ingress/Egress / 55 Car Parking Spaces
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