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73 W Merrick Rd
Valley Stream, NY 11580
24/7 Animal Hospital | 7% Cap Rate · Retail Property For Sale
Investment Highlights
- Rare Annual Rental Increases – The lease features the greater of 3% or CPI annual rental increases, providing for a strong hedge against inflation.
- Long Term Operating History – The Central Veterinary Associates has been providing care to Queens and Nassau County since the early 1900s.
- Robust Industry Growth – The global veterinary services market size is expected to reach $142 billion by 2025 with a CAGR of 5.6% during that period.
- 24/7 Emergency Animal Hospital – Serves the community 24/7 including overnight, weekend, and holiday treatment.
- Robust Long Island Real Estate – Subject property is located in Valley Stream, NY, which has been known to be the most sought area of Long Island.
Property Facts
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
8,500 SF
Year Built
1911
Tenancy
Single
Building Height
2 Stories
Building FAR
0.93
Lot Size
0.21 AC
Zoning
C-1 - C-1 Zoning through the Village of Valley Stream
Parking
24 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
1 of 1
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