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1287 S Main St 2,430 SF Office Building Athol, MA 01331 $1,321,290 CAD ($543.74 CAD/SF) 7.49% Cap Rate

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Investment Highlights

Single-tenant medical office with corporate guarantee from Mars Inc.
Well-established veterinary clinic with over 45 years of continuous operations.

Long-term lease in place through 2031 with renewal option and rent bumps.
Located in a retail corridor featuring national tenants like Walmart and McDonald's.

Executive Summary

This single-tenant medical office investment opportunity at 1287 S Main Street in Athol, MA, offers stable cash flow backed by a nationally recognized tenant. The property is occupied by VCA Adams Animal Hospital, a veterinary care provider supported by the Mars Inc. corporate guarantee, ensuring institutional-level credit quality for investors. The tenant recently extended its lease through June 2031 and includes one additional five-year renewal option, presenting long-term income security.
The building spans 2,430 square feet on a 0.41-acre parcel and has been operating successfully as a veterinary hospital for over 45 years. Strategically located along South Main Street, the asset benefits from its positioning within a strong retail corridor, surrounded by national brands such as Walmart, McDonald's, and Tractor Supply Co. This internet-resistant tenant profile adds resilience in a shifting retail and office market environment.
The property sits within an Opportunity Zone, creating added advantages for investors seeking potential tax incentives. Additional lease benefits include annual CPI rent adjustments, providing a natural inflation hedge and consistent revenue growth. With a 7.49% cap rate and a proven operating history, this offering combines durability, income stability, and favorable market dynamics.

VCA-Hospital-Athol-MA

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Medical

Building Size

2,430 SF

Building Class

Year Built

1965

Price

$1,321,290 CAD

Price Per SF

$543.74 CAD

Cap Rate

7.49%

NOI

$98,972 CAD

Tenancy

Single

Building Height

1 Story

Typical Floor Size

2,430 SF

Building FAR

0.14

Lot Size

0.41 AC

Opportunity Zone

Yes

Major Tenants

Professional, Scientific, and Technical Services
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Fondée en 1986, VCA est une famille d'hôpitaux pour animaux de leur ville natale qui se sont engagés à avoir un impact positif sur les animaux de compagnie, les gens et leurs communautés. VCA se soucie des communautés qu'elle dessert et de chaque animal de compagnie qu'elle habite, et pas seulement de ceux qu'elle voit dans ses hôpitaux. Chaque hôpital est fier de l'héritage d'excellence qu'il a bâti et des histoires de services qui sont profondément liées à leurs communautés locales. VCA s'est jointe à la famille Mars en 2017. Ensemble, VCA écrit une histoire puissante sur l'avenir des soins vétérinaires.