4028 58th St | Woodside, NY 11377
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- LoopNet Team
4028 58th St
Woodside, NY 11377
PetVet Care Center & Value-Add Opportunity · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- PetVet Care Center Has Over 450 Locations Across the Country and Continues to Expand the Number of Practices That They Operate
- New Lease Was Signed in March of 2022 Leaving Approximately 14 Years Remaining on the Initial Term
- The Lease Features 2.5% Annual Rental Increases Throughout the Term, Steadily Growing the NOI and Hedging Against Inflation
- This is a Double Net (NN) Lease With Minimal Landlord Responsibilities (Roof and Structure); Roof Was Replaced Five Years Ago
- Value-Add Opportunity: One Large 4 Bedroom Apartment Upstairs Paying Under Market Rent
- Veterinary Hospitals Are Sound Investments as They Are Pandemic and E-Commerce Resistant and Have Low Relocation Rates
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,700 SF
Building Class
C
Year Built
1931
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.24
Lot Size
0.05 AC
Zoning
R5B/R6/C2-3
Frontage
22’ on 58th St
AMENITIES
- Freeway Visibility
- Signage
PROPERTY TAXES
| Parcel Number | 01328-0044 | Improvements Assessment | $36,747 |
| Land Assessment | $8,269 | Total Assessment | $45,016 |
PROPERTY TAXES
Parcel Number
01328-0044
Land Assessment
$8,269
Improvements Assessment
$36,747
Total Assessment
$45,016
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