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Office Medical

Vestal Veterinary Hospital

2316 Vestal Pkwy E, Vestal, NY 13850

Listing Price: $2,524,340

Cap Rate
8.25%
Gross SF
8,536
Rentable SF
8,536
Price/Gross SF
$295.73
Occupancy
100.0%
Year Built
1980
Lot Size
1.20 acres

Investment Overview

Marcus & Millichap is pleased to present Vestal Veterinary Hospital located at 2316 Vestal Pkwy E., Vestal, New York. This veterinary hospital was constructed in 1980 and is comprised of 8,536 square feet situated on 1.20 acres of land. This hospital is 100 percent occupied by Vestal Veterinary Hospital operating under a double-net lease structure with a corporate guarantee. There are three 5- year renewal options with 2% annual rental increases. There are 5.5 Years of term remaining on the initial lease term. Vestal Veterinary Hospital provides comprehensive veterinary care for pets in the community. The clinic offers a full range of services, including wellness exams, vaccinations, dental care, surgical procedures, and diagnostic testing. With a focus on compassionate, personalized care, the hospital strives to ensure the health and well-being of both dogs and cats. Equipped with modern facilities and staffed by experienced veterinarians and technicians, Vestal Veterinary Hospital is a trusted destination for pet owners seeking professional and attentive veterinary services in the Vestal area. Located on Vestal Parkway, also known as Route 434, is a major east–west commercial corridor through Vestal, NY, providing excellent connectivity to surrounding highways and regional routes. It links directly to Route 26, Route 201, and nearby interchanges with Route 17, making travel to Binghamton and other parts of Broome County quick and convenient. The Parkway is lined with a variety of amenities, including grocery stores like ALDI, pharmacies such as CVS, shopping centers, hotels like Holiday Inn Express and Homewood Suites, and civic facilities including the Vestal Town Court. The area also offers recreational options, with the Vestal Rail Trail and bike paths providing safe spaces for walking, running, and cycling. Residential properties and mixed-use developments are interspersed along the corridor, creating a balance between commercial activity and local living.

Investment Highlights

  • 9.46% In-Place Cash-on-Cash Return
  • Vestal Veterinary Hospital has 50+ Years of Historical Occupancy. Over Five Years Remaining on Corporately Guaranteed Net Lease Plus Three Five-Year Renewal Options With 2% Annual Rent Increases
  • Small Companion and Exotic Animal Medicine – Services Include General and Orthopedic Surgery, Dentistry, Digital Radiology, and Chiropractic Care
  • Over 22,000 Vehicles Per Day on a Signalized Intersection Adjacent to a Walmart Supercenter and the Shoppes at Vestal Shopping Mall
  • The U.S. Veterinary Medicine Market Size Was Estimated at USD 13.61 Billion in 2024 and Is Projected to Reach USD 26 Billion by 2033

Exclusively Listed By

  • Megan Sullivan

    Illinois Licensed Associate Real Estate Broker

    (312) 327-5493

    Email Megan

    License(s): IL: 475.208710

    Chicago Downtown

  • Frank M. Roti

    Illinois Licensed Real Estate Broker

    (312) 624-7013

    Email Frank

    License(s): IL: 475.139806

    Chicago Downtown

  • Brett Rodgers

    Illinois Licensed Real Estate Broker

    (312) 624-7012

    Email Brett

    License(s): IL: 475.137849

    Chicago Downtown

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Financing By

Office Medical

Vestal Veterinary Hospital

Listing Price: $2,524,340

Cap Rate
8.25%
Gross SF
8,536
Rentable SF
8,536
Price/Gross SF
$295.73
Occupancy
100.0%
Year Built
1980
Lot Size
1.20 acres

Investment Highlights

  • 9.46% In-Place Cash-on-Cash Return
  • Vestal Veterinary Hospital has 50+ Years of Historical Occupancy. Over Five Years Remaining on Corporately Guaranteed Net Lease Plus Three Five-Year Renewal Options With 2% Annual Rent Increases
  • Small Companion and Exotic Animal Medicine – Services Include General and Orthopedic Surgery, Dentistry, Digital Radiology, and Chiropractic Care
  • Over 22,000 Vehicles Per Day on a Signalized Intersection Adjacent to a Walmart Supercenter and the Shoppes at Vestal Shopping Mall
  • The U.S. Veterinary Medicine Market Size Was Estimated at USD 13.61 Billion in 2024 and Is Projected to Reach USD 26 Billion by 2033

Investment Overview

Marcus & Millichap is pleased to present Vestal Veterinary Hospital located at 2316 Vestal Pkwy E., Vestal, New York. This veterinary hospital was constructed in 1980 and is comprised of 8,536 square feet situated on 1.20 acres of land. This hospital is 100 percent occupied by Vestal Veterinary Hospital operating under a double-net lease structure with a corporate guarantee. There are three 5- year renewal options with 2% annual rental increases. There are 5.5 Years of term remaining on the initial lease term. Vestal Veterinary Hospital provides comprehensive veterinary care for pets in the community. The clinic offers a full range of services, including wellness exams, vaccinations, dental care, surgical procedures, and diagnostic testing. With a focus on compassionate, personalized care, the hospital strives to ensure the health and well-being of both dogs and cats. Equipped with modern facilities and staffed by experienced veterinarians and technicians, Vestal Veterinary Hospital is a trusted destination for pet owners seeking professional and attentive veterinary services in the Vestal area. Located on Vestal Parkway, also known as Route 434, is a major east–west commercial corridor through Vestal, NY, providing excellent connectivity to surrounding highways and regional routes. It links directly to Route 26, Route 201, and nearby interchanges with Route 17, making travel to Binghamton and other parts of Broome County quick and convenient. The Parkway is lined with a variety of amenities, including grocery stores like ALDI, pharmacies such as CVS, shopping centers, hotels like Holiday Inn Express and Homewood Suites, and civic facilities including the Vestal Town Court. The area also offers recreational options, with the Vestal Rail Trail and bike paths providing safe spaces for walking, running, and cycling. Residential properties and mixed-use developments are interspersed along the corridor, creating a balance between commercial activity and local living.

Exclusively Listed By

  • Megan Sullivan

    Illinois Licensed Associate Real Estate Broker

    (312) 327-5493

    Email Megan

    License(s): IL: 475.208710

    Chicago Downtown

  • Frank M. Roti

    Illinois Licensed Real Estate Broker

    (312) 624-7013

    Email Frank

    License(s): IL: 475.139806

    Chicago Downtown

  • Brett Rodgers

    Illinois Licensed Real Estate Broker

    (312) 624-7012

    Email Brett

    License(s): IL: 475.137849

    Chicago Downtown

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

Financing By

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