VCA Bond Animal Hospital | 1000+ Unit Operator
10.50% Cap Rate | NNN Lease | Corp Gty | 2% Annual Increases
Investment highlights
Full-Service Veterinary Hospital – This facility offers a full spectrum of veterinary services, including general and soft tissue surgery, internal medicine, hospitalization, and wellness care. Additional specialties include dermatology, dental care, ultrasound, digital radiology, EKG, and cold laser therapy. The hospital also provides routine and preventive services such as spay and neuter procedures, vaccinations, immunizations, microchipping, and compassionate end-of-life care.
Over 70 Years Of Trusted Service – Founded in the early 1950s, this practice is a well-known staple in the White Plains community and reflects its longstanding commitment to provide high-quality pet care to pets and their families.
NNN Lease – This NNN lease provides an extremely passive, hands-off investment, with the landlord solely being responsible for the foundation and structure of the building.
Scheduled Rental Increases | Hedge Against Inflation – The lease features 2% annual rental increases, providing a future owner with a boost in cash flow and a hedge against inflation throughout the life of their investment.
Veterinary Centers Of America (VCA) Corporate Guaranty – The lease features a corporate guaranty from VCA, the largest operator of veterinary hospitals across the United States, supporting over 1,000 practices nationwide.
Private Equity Sponsorship | Mars, INC. – Mars, Inc. is a privately held multinational corporation generating more than $50 billion in annual revenue, with a diverse portfolio that includes pet care, veterinary services, food, and confectionery. Ranked as the fourth largest privately held company in the United States, Mars strengthened its position in animal health with the $9.1 billion acquisition of VCA Animal Hospitals in 2017, creating one of the nation’s largest veterinary platforms and reinforcing its reputation as a premier healthcare investor
AAHA (American Animal Hospital Association) Accreditation – The American Animal Hospital Association (AAHA) sets the benchmark for excellence in companion-animal veterinary care. Earned by only about 15% of veterinary practices in the U.S., AAHA accreditation signifies that a hospital meets or exceeds over 900 rigorous standards covering patient care, safety, and operational performance, assuring clients of the highest level of veterinary service. Accredited practices consistently experience measurable business advantages, including higher revenue, stronger client retention, increased new-patient growth, and reduced client attrition.
High Traffic Location | Direct Frontage – The 3,250 SF facility is well positioned directly off Central Ave, offering excellent visibility and direct street frontage, seeing more than 26,000 vehicles per day.
Inner Suburb of New York City – White Plains is an affluent inner suburb of New York City, just ±25 miles from midtown Manhattan.
Concentrated Corridor – The property is situated in a well-established area surrounded by affluent residential neighborhoods, top-rated schools, medical centers, parks, and a wide range of retail and dining amenities. Nearby national retailers include Trader Joe’s, Petco, McDonald’s, Crumbl, Shake Shack, CVS, T.J, Maxx, and many others, providing a robust mix of daily conveniences and destination shopping that supports consistent consumer traffic and long-term market stability.
Favorable Demographics – This asset caters to more than 210,000 residents within a 5-mile radius with an average household income exceeding $167,615.
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.
Tenant Investment Location – Pet Hospitals rarely relocate due to difficulty retaining the same patients in a new location and the high costs associated with moving and buildouts.
Robust Industry Growth – The global veterinary services market, valued at $150 billion in 2024, is projected to grow at a 8.7% CAGR from 2023 to 2030.
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