649 W Boston Post Rd Mamroneck, NY 10543

Looking for a stable investment in the veterinary industry? The Mamaroneck Vet Hospital at 649 W Boston Post Rd offers a lucrative opportunity leased to PetVet Care Centers, a leader in animal healthcare with over 450 clinics nationwide. With a 6.81% cap rate and low-management NNN lease, this property ensures reliable returns with a Net Operating Income of $228,159.

Located in affluent Westchester County, this property benefits from high visibility, convenient parking, and access to a dense, high-income demographic, where the 3-mile average household income exceeds $180,000. Built in 1940 and renovated in 2000, the facility spans 7,876 sq. ft., making it a prime option in a highly sought-after location.

Investment Highlights

• Triple-Net Lease: Tenant covers major expenses, reducing management responsibilities.
• Annual Rent Increases: 2% increases annually as a hedge against inflation.
• Established Veterinary Tenant: Leased to PetVet, the 5th largest vet operator in the U.S.
• Area Growth: Westchester County continues to thrive, with increasing demand for quality pet care services.

Investors, don’t miss this chance to acquire a highly secure and profitable asset in the thriving veterinary market. Located at 649 W Boston Post Rd, Mamaroneck, NY, this 7,876 sq. ft. property is leased to PetVet Care Centers, the fifth-largest veterinary operator in the U.S., backed by private equity giant KKR. Positioned on a high-traffic road in an affluent area with a 3-mile average household income over $180,000, this property ensures steady demand and foot traffic.

Constructed in 1940 with significant upgrades in 2000, the building features excellent ingress, egress, and ample on-site parking. The tenant covers most expenses under a NNN lease, with 6.7 years remaining, annual 2% rent escalations, and two 5-year renewal options. PetVet’s commitment to this property is supported by extensive tenant improvements, making relocation challenging and reinforcing investment stability.

Veterinary services continue to grow, with industry projections reaching $142 billion by 2025, and PetVet’s network of over 450 locations ensures dependable cash flow backed by a robust operator. This Mamaroneck property offers a high-yield cap rate of 6.81%, with a Net Operating Income of $228,159.72, and is attractively priced at $3.35 million, or $425 per sq. ft. This listing provides an ideal blend of passive income, growth potential, and secure tenancy.

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