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1287 S Main St 2,430 SF Office Building Athol, MA 01331 $955,000 ($393.00/SF) 7.49% Cap Rate
Investment Highlights
- Single-tenant medical office with corporate guarantee from Mars Inc.
- Well-established veterinary clinic with over 45 years of continuous operations.
- Long-term lease in place through 2031 with renewal option and rent bumps.
- Located in a retail corridor featuring national tenants like Walmart and McDonald's.
Executive Summary
The building spans 2,430 square feet on a 0.41-acre parcel and has been operating successfully as a veterinary hospital for over 45 years. Strategically located along South Main Street, the asset benefits from its positioning within a strong retail corridor, surrounded by national brands such as Walmart, McDonald's, and Tractor Supply Co. This internet-resistant tenant profile adds resilience in a shifting retail and office market environment.
The property sits within an Opportunity Zone, creating added advantages for investors seeking potential tax incentives. Additional lease benefits include annual CPI rent adjustments, providing a natural inflation hedge and consistent revenue growth. With a 7.49% cap rate and a proven operating history, this offering combines durability, income stability, and favorable market dynamics.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Professional, Scientific, and Technical Services
- -
- -
- -
VCA Animal Hospitals began in 1986 as a network of hometown animal hospitals focused on veterinary care for pets and communities. The company has grown into a large hospital network offering primary care, specialty care, urgent care, emergency services, and on-demand support through its digital tools and pet-health services. VCA Animal Hospitals also works with board-certified specialists and shares technology, procedures, and best practices across its network. VCA Animal Hospitals joined the Mars family in 2017 and continues to operate as part of Mars Petcare’s veterinary care business.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Professional, Scientific, and Technical Services | - | - | - |
Property Taxes
| Parcel Number | ATHO-000020-000097 | Improvements Assessment | $227,100 |
| Land Assessment | $94,600 | Total Assessment | $321,700 |
Property Taxes
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1287 S Main St
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