649 W Boston Post Rd - Medical FOR SALE


Mamaroneck, NY 10543
$3,350,000 USD
805-889-7837
649 W Boston Post Rd, Mamaroneck, NY for Sale
$3,350,000 USD
Medical - FOR SALE
1/10
null | 6.81% Cap Rate

649 W Boston Post Rd
Mamaroneck, NY 10543


HIGHLIGHTS

  • Triple-Net Lease: Minimal management required with tenant responsible for all major expenses.
  • Strong Market Area: Situated in affluent Westchester County, with proximity to New York City.
  • Inflation Hedge: Veterinary clinics demonstrate resilience across economic cycles.

OVERVIEW

Presenting a prime investment opportunity in Mamaroneck, NY: The Mamaroneck Veterinary Hospital, leased to PetVet Care Centers, a leading veterinary operator with over 450 locations nationwide. Located along the busy Boston Post Road, this 7,876 sq. ft. property offers excellent visibility and accessibility in a vibrant, high-income area with an average household income exceeding $180,000 within three miles. Built in 1940 and renovated in 2000, the property is situated on a 0.24-acre lot and includes ample parking for convenience. The property is secured by a NNN lease with approximately 6.7 years remaining, 2% annual rental escalations, and two 5-year renewal options, ensuring consistent income and a built-in inflation hedge. Backed by PetVet’s private equity partner, KKR, this location benefits from the financial stability and growth trajectory of one of the nation’s premier veterinary service providers.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$425 USD /SF

CAP RATE

6.81%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mamaroneck Veterinary Hospital

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,353 SF

ZONING

-

APN/PARCEL ID

3203-009-000-00020-000-0439

ASK ABOUT THIS PROPERTY

Kaveh EbrahimiHelios Investment ServicesMore Info
805-889-7837

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Kaveh EbrahimiHelios Investment ServicesMore Info
805-889-7837

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.