Veterinary Clinic NNN
For Sale
$2,086,444
1946 Central Avenue, Albany, NY 12205
Built in 1940 and leased by a national operator, this veterinary clinic offers an Absolute NNN structure with corporate guarantee.
Property Size4,238 SF
Lot Size0.74 Acres
Price / SF$492.32
Days on Market189
Property Features for 1946 Central Avenue
General Information
Standard status
Active
Size
4,238 SF
Lot size
0.74 Acres
Property subtype
Commercial
Lease Term
±14.35 YRS
Additional Details
Road Access
Yes
Building Details
Building Size
4,238 SF
Year Built
1940
Tenancy
Single
Listing Agency:
Matthews Real Estate Investment Services
Listed By:
Andrew Evans · License #02055475 (CA)
(949) 662-2256
Source:
Matthews
Added: Apr 11
Changed: Oct 6
Last Checked: Oct 16 at 5:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services
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Investment Insights
Based on property information with market context.
Built in 1940, this veterinary clinic totals 4,238 SF and sits on a 0.74-acre lot with ample parking. The offering is an Absolute NNN lease featuring a corporate guarantee and approximately 10.5 years remaining, along with 2% annual increases in the base and renewal term. The lease also includes two (2) five-year options.
The property is located on Central Avenue with excellent ingress and egress, positioned within a dense residential area. Central Avenue is described as having national retailers including Aldi, Kohl’s, Dollar Tree, CarMax, and Walgreens, among others.
The tenant is Rarebreed Veterinary Partners, a national vet operator. The remarks note the company was founded in 2019 and recently acquired Vet’s Best Friend, resulting in 100+ locations.
The property is located on Central Avenue with excellent ingress and egress, positioned within a dense residential area. Central Avenue is described as having national retailers including Aldi, Kohl’s, Dollar Tree, CarMax, and Walgreens, among others.
The tenant is Rarebreed Veterinary Partners, a national vet operator. The remarks note the company was founded in 2019 and recently acquired Vet’s Best Friend, resulting in 100+ locations.
Key Highlights
- 4,238 SF veterinary clinic built in 1940 on a 0.74‑acre lot with ample parking
- Absolute NNN lease with corporate guarantee and +/- 10.5 years remaining
- Lease has 2% annual increases in the base and renewal term
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12205, NY
27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 1940 and leased by a national operator, this veterinary clinic offers an Absolute NNN structure with corporate guarantee.
Where is this medical office space located?
The property is located at 1946 Central Avenue Albany, NY.
What is the asking price?
The asking price for this property is $2,086,444.
What are key features of this property?
This property features: 4,238 SF veterinary clinic built in 1940 on a 0.74‑acre lot with ample parking; Absolute NNN lease with corporate guarantee and +/- 10.5 years remaining; Lease has 2% annual increases in the base and renewal term
