Log In/Sign Up
Your email has been sent.
1946 Central Ave
Albany, NY 12205
Rarebreed Veterinary Partners | 14Yrs NNN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 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
- Healthcare Real Estate | Recession Resistant Property – Veterinary hospitals are extremely sought-after investments for their resistance to downturns.
- Comprehensive Services | Multi-Doctor Location – PetMedic Urgent Care provides high-quality general urgent care for pets throughout the Albany County
- Scheduled Rental Increases | Hedge Against Inflation – The lease features 2.5% annual rental escalators
- Prime Location – The ±4,238 SF practice is ideally located along Central Avenue, NY-5, offering excellent visibility & easy access to major freeways.
- 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.
EXECUTIVE SUMMARY
Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
4,238 SF
Building Class
C
Year Built
1940
Price
$2,086,444
Price Per SF
$492.32
Cap Rate
6.75%
NOI
$140,835
Tenancy
Single
Building Height
2 Stories
Building FAR
0.13
Lot Size
0.74 AC
Zoning
12
Parking
16 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
81’ on Central Ave
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 012689-029-001-0001-023-001-0000 | Improvements Assessment | $146,400 |
| Land Assessment | $103,600 | Total Assessment | $250,000 |
PROPERTY TAXES
Parcel Number
012689-029-001-0001-023-001-0000
Land Assessment
$103,600
Improvements Assessment
$146,400
Total Assessment
$250,000
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
