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VCA BOND ANIMAL HOSPITAL 250 Central Ave 3,250 SF Retail Building White Plains, NY 10606 $1,861,226 CAD ($572.69 CAD/SF) 10.51% Cap Rate

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INVESTMENT HIGHLIGHTS

Full-Service Veterinary Hospital – This facility offers a full spectrum of veterinary services, including general and soft tissue surgery
NNN Lease – This NNN lease provides an extremely passive, hands-off investment, with the landlord solely being responsible for the foundation
Veterinary Centers Of America (VCA) Corporate Guaranty – The lease features a corporate guaranty from VCA, the largest operator of veterinary hospital

Over 70 Years Of Trusted Service – Founded in the early 1950s, this practice is a well-known staple in the White Plains community
Scheduled Rental Increases | Hedge Against Inflation – The lease features 2% annual rental increases, providing a future owner
Private Equity Sponsorship | Mars, INC. – Mars, Inc. is a privately held multinational corporation generating more than $50 billion in annual revenue

EXECUTIVE SUMMARY

Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

3,250 SF

Building Class

Year Built

1924

Price

$1,861,226 CAD

Price Per SF

$572.69 CAD

Cap Rate

10.51%

NOI

$195,615 CAD

Tenancy

Single

Building Height

2 Stories

Building FAR

0.28

Lot Size

0.27 AC

Zoning

B-3 - General Business

Parking

10 Spaces (3.08 Spaces per 1,000 SF Leased)

Frontage

82’ on Central Ave

MAJOR TENANTS

Professional, Scientific, and Technical Services
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Founded in 1986, VCA is a family of hometown animal hospitals committed to making a positive impact for pets, people, and their communities. VCA cares about the communities they serve and every pet within them, not just those they see in their hospitals. Every hospital carries a sense of pride for the legacy of excellence they’ve built and the stories of service that are deeply connected to their local communities. VCA joined the Mars family in 2017. Together, VCA is writing a powerful story about what’s next in veterinary care.