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28091174
28088203

250 Central Ave, White Plains, NY 10606

CD
CA CA - 02237200
Matthews
AE
CA - 0255475, (CA) -02055475
Matthews
MM
CA CA 01982943
Matthews
RC
CA 01986299
Matthews
Listed by Matthews
$1,333,333
5 days on market
Updated 5 days ago

VCA Bond Animal Hospital | 1000+ Unit Operator

Details
Property Type Office, Retail
Sub Type Medical Office, Animal (+1)
Square Footage 3,250
Cap Rate 10.51%
NOI $140,184
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 2
Lease Expiration 04/27/2027
Remaining Term 0.9
Rent Bumps Yes
Lease Options 1 x 2 Year
Price per SqFt $410
Broker Co-Op Yes
Buildings 1
Stories 2
Acreage 0.270
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 04/28/2025
Ground Lease No
Ownership Fee Simple

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.

Listing Contacts

CD
CA CA - 02237200
Matthews
AE
CA - 0255475, (CA) -02055475
Matthews
MM
CA CA 01982943
Matthews
RC
CA 01986299
Matthews
Listed by Matthews

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,184.00
$11,682.00/mo

Valuation Metrics

0
DSCR
10.51%
Cap Rate
10.51%
ROI

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Additional Information

Name
Cory Rosenthal
License
License # 10991237833 (NY)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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