120 Nichols Rd Brewster, NY 10509-4826

This exceptional investment opportunity presents a fee-simple, 10,500-square-foot veterinary hospital in Brewster, NY, leased to National Veterinary Associates (NVA), a leading North American provider with over 1,400 facilities. The property, situated on a 15.74-acre lot at 120 Nichols Rd, boasts a strong 7.87% cap rate and a substantial net operating income (NOI) of $531,036. The current lease, a triple-net (NNN) agreement, has approximately 4.6 years remaining with annual CPI rent increases and two 5-year renewal options, ensuring long-term stability. Built in 2001, this single-tenant property benefits from a 100% occupancy rate and a strategic location along Interstate 84, experiencing high daily traffic volume. The property's location within Putnam County provides easy access to major highways, serving affluent communities with average household incomes exceeding $157,000 within a 3-mile radius. The recession-resistant nature of veterinary services, coupled with NVA's robust market position and the property's strong financial performance, makes this a compelling investment prospect. The asking price is $6,750,000, translating to $655 per square foot. This asset offers a passive income stream with minimal landlord responsibilities, making it ideal for both local and national investors seeking a stable, long-term investment in a growing industry. The property's size and location provide significant upside potential.