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Single-Tenant Office Medical

Countryside Animal Hospital (CareVet) | Long Island | Densely Populated & Affluent Area: $160k+ HHI

544 W Broadway, Port Jefferson (Long Island), NY 11777

Listing Price: $830,000

Cap Rate
5.50%
Tenant Name
CareVet
Years Remaining On Lease
10.1
Gross SF
2,536
Guarantor
Corporate Guarantee
Rentable SF
2,536
Price/Gross SF
$327.29
Lease Type
Double Net
Rent Per Square Feet
$18.00

Investment Overview

Port Jefferson is an incorporated village in the Town of Brookhaven in Suffolk County, New York on the North Shore of Long Island. Port Jefferson was first settled in the 17th century and remained a rural community until its development as an active shipbuilding center in the mid-19th century. The village has since transitioned to a tourist-based economy. The port remains active as terminus of the Bridgeport & Port Jefferson Ferry, one of two commercial ferry lines between Long Island and Connecticut, and is supplemented by the terminus of the Long Island Rail Road’s Port Jefferson Branch. It is also the center of the Greater Port Jefferson region of northwestern Brookhaven, serving as the cultural, commercial and transportation hub of the neighboring Port Jefferson Station, Belle Terre, Mount Sinai, Miller Place, Poquott, and the Setaukets.

Investment Highlights

  • Corporate Backed Long Term Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term & Options. 2013 Complete Renovation.
  • Full-Service Animal Hospital with an Array of Medical and Grooming Services. Recession and Covid-19 Resistant Concept.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 16k Vehicles.
  • Minutes from Stony Brook University - a Public Research University and the Largest in the State of New York by area with more than 26k Students Currently Enrolled.
  • In Close Proximity to St. Charles Hospital - a 243-Bed Community Hospital and John T. Mather Memorial Hospital - a 248-bed Community Hospital & Medical Center.
  • 70+ Year Historical Occupancy as an Animal Hospital and Veterinary Clinic. Very High Barriers to Entry. Located on the North Shore of Long Island, Port Jefferson is Ranked among the Best Suburbs in New York and is located just 50 Miles from New York City.
  • Densely Populated and Affluent Area: Features an Average Household Income of $160k+ (more than twice the National Average) within a 1-Mile Radius and over 116k People Residing within a 5-Mile Radius.

Exclusively Listed By

Broker of Record

  • Susan Bands

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311209023

    New York

Single-Tenant Office Medical

Countryside Animal Hospital (CareVet) | Long Island | Densely Populated & Affluent Area: $160k+ HHI

Listing Price: $830,000

Cap Rate
5.50%
Tenant Name
CareVet
Years Remaining On Lease
10.1
Gross SF
2,536
Guarantor
Corporate Guarantee
Rentable SF
2,536
Price/Gross SF
$327.29
Lease Type
Double Net
Rent Per Square Feet
$18.00

Investment Highlights

  • Corporate Backed Long Term Lease Featuring 10% Rental Increases Every 5 Years Throughout the Initial Term & Options. 2013 Complete Renovation.
  • Full-Service Animal Hospital with an Array of Medical and Grooming Services. Recession and Covid-19 Resistant Concept.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 16k Vehicles.
  • Minutes from Stony Brook University - a Public Research University and the Largest in the State of New York by area with more than 26k Students Currently Enrolled.
  • In Close Proximity to St. Charles Hospital - a 243-Bed Community Hospital and John T. Mather Memorial Hospital - a 248-bed Community Hospital & Medical Center.
  • 70+ Year Historical Occupancy as an Animal Hospital and Veterinary Clinic. Very High Barriers to Entry. Located on the North Shore of Long Island, Port Jefferson is Ranked among the Best Suburbs in New York and is located just 50 Miles from New York City.
  • Densely Populated and Affluent Area: Features an Average Household Income of $160k+ (more than twice the National Average) within a 1-Mile Radius and over 116k People Residing within a 5-Mile Radius.

Investment Overview

Port Jefferson is an incorporated village in the Town of Brookhaven in Suffolk County, New York on the North Shore of Long Island. Port Jefferson was first settled in the 17th century and remained a rural community until its development as an active shipbuilding center in the mid-19th century. The village has since transitioned to a tourist-based economy. The port remains active as terminus of the Bridgeport & Port Jefferson Ferry, one of two commercial ferry lines between Long Island and Connecticut, and is supplemented by the terminus of the Long Island Rail Road’s Port Jefferson Branch. It is also the center of the Greater Port Jefferson region of northwestern Brookhaven, serving as the cultural, commercial and transportation hub of the neighboring Port Jefferson Station, Belle Terre, Mount Sinai, Miller Place, Poquott, and the Setaukets.

Exclusively Listed By

Broker of Record

  • Susan Bands

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311209023

    New York

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