Leased Veterinary Care
251 East Avenue Hilton, NY 14468
251 East Avenue, Hilton, NY, 14468
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For Sale
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Single-tenant veterinary hospital built in 1989, renovated in 2018, leased on a double-net basis to MPH.
Property Size6,634 SF
Price / SF$299.97
Days on Market57
Property Features for 251 East Avenue
General Information
- Standard status
- Active
- Size
- 6,634 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1989
Listing agency
Marcus & Millichap - Cleveland
(216) 264-2049
Listed by
William Skoch · License #OH #SAL.2021008491
Source
Crexi
Added: May 27 Updated: Jul 22 at 12:23AM Checked: Jul 22 at 12:23AM
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 Marcus & Millichap - Cleveland
Investment Insights
Based on property information with market context.
The Hilton Veterinary Care Hospital is a single-tenant veterinary care facility built in 1989 and renovated in 2018. The property totals 6,634 square feet and has undergone multiple improvements over time, including two new HVAC units for the reception area in 2019, a new generator in 2020, and new state-of-the-art flooring scheduled for the beginning of 2026. The hospital currently supports five practicing veterinarians providing a range of veterinary services.
Mission Pet Health Partners (MPH), formerly known as Mission Veterinary Partners (MVP), has practiced in Hilton since 2021 and is the 100% tenant. The original 10-year lease term has 5.6 years remaining, with one 5-year renewal option. The lease is structured as a double-net (NN) arrangement with two percent annual rent increases. Staff parking is provided through 12 spots from the neighboring Cilo Lodge.
Ownership and lease structure are supported by a long-term operator platform, with MPH recently merged with SVP into a larger network of veterinary hospitals. The property also benefits from regional access, with Hilton located 16 miles northwest of Rochester.
Mission Pet Health Partners (MPH), formerly known as Mission Veterinary Partners (MVP), has practiced in Hilton since 2021 and is the 100% tenant. The original 10-year lease term has 5.6 years remaining, with one 5-year renewal option. The lease is structured as a double-net (NN) arrangement with two percent annual rent increases. Staff parking is provided through 12 spots from the neighboring Cilo Lodge.
Ownership and lease structure are supported by a long-term operator platform, with MPH recently merged with SVP into a larger network of veterinary hospitals. The property also benefits from regional access, with Hilton located 16 miles northwest of Rochester.
Key Highlights
- Single‑tenant veterinary care hospital built in 1989 and renovated in 2018
- 100% leased to Mission Pet Health Partners (MPH), formerly Mission Veterinary Partners (MVP)
- MPH lease includes 5.6 years remaining on original 10‑year term with one 5‑year renewal option
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.7k | $21.96 |
| − Vacancy | −$18.2k | −$2.75 |
| EGI | $127.5k | $19.22 |
| − OpEx | −$51.0k | −$7.69 |
| NOI | $76.5k | $11.53 |
6,634 SF · lease $21.96/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.09M
$956.0K – $1.27M
NOI $76,483 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.49M
NOI $89,147 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hilton Veterinary Care ...
Veterinary Clinic
Susan Cousins, D.V.M.
Veterinary Clinic
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FAQs
What type of property is this?
Medical center - Single-tenant veterinary hospital built in 1989, renovated in 2018, leased on a double-net basis to MPH.
Where is this medical center located?
The property is located at 251 East Avenue Hilton, NY.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Single‑tenant veterinary care hospital built in 1989 and renovated in 2018; 100% leased to Mission Pet Health Partners (MPH), formerly Mission Veterinary Partners (MVP); MPH lease includes 5.6 years remaining on original 10‑year term with one 5‑year renewal option
