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Single-Tenant Office Medical

Veterinary Innovative Partners (Portfolio)

456 Albany Ave, Kingston, NY 12401

Listing Price: $1,957,326

Cap Rate
9.50%
Tenant Name
Veterinary Innovative Partners
Years Remaining On Lease
6.4
Guarantor
Corporate Guarantee
Rentable SF
8,926
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.83

Investment Overview

See Investment Highlights

Investment Highlights

  • Absolute Net Lease - This investment offers a completely passive, long-term opportunity for both local and national investors who want zero landlord responsibilities.
  • Corporate Guarantee - The property includes a corporate guarantee from Veterinary Innovative Partners, which owns over 70 veterinary clinics and hospitals across 12 states.
  • 6+ Years Remaining - There are over 6 years left in the primary term, and an additional 5-year option period that includes annual rental increases.
  • Veterinary Market Growth - The U.S. veterinarians market was valued at $11.92 billion in 2022, and it's projected to grow at a CAGR of 8.7% from 2023 to 2030 (Grand View Research).

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Single-Tenant Office Medical

Veterinary Innovative Partners (Portfolio)

Listing Price: $1,957,326

Cap Rate
9.50%
Tenant Name
Veterinary Innovative Partners
Years Remaining On Lease
6.4
Guarantor
Corporate Guarantee
Rentable SF
8,926
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.83

Investment Highlights

  • Absolute Net Lease - This investment offers a completely passive, long-term opportunity for both local and national investors who want zero landlord responsibilities.
  • Corporate Guarantee - The property includes a corporate guarantee from Veterinary Innovative Partners, which owns over 70 veterinary clinics and hospitals across 12 states.
  • 6+ Years Remaining - There are over 6 years left in the primary term, and an additional 5-year option period that includes annual rental increases.
  • Veterinary Market Growth - The U.S. veterinarians market was valued at $11.92 billion in 2022, and it's projected to grow at a CAGR of 8.7% from 2023 to 2030 (Grand View Research).

Investment Overview

See Investment Highlights

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

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