456 Albany Ave, Kingston, NY 12401-2139

This Kingston, NY, fee-simple property offers a compelling investment opportunity in a thriving medical office sector. The portfolio consists of three buildings totaling 8,926 net rentable square feet, currently 100% occupied by Veterinary Innovative Partners under a 10-year absolute NNN lease (expiring 06/29/2031) with a corporate guarantee. The lease features a remaining term of approximately 6.6 years and includes a 5-year option with 2% annual rent bumps. Built in 1930, the property sits on a 1.09-acre lot and boasts a strong NOI of $185,946, resulting in a 9.50% cap rate and a price per square foot of $219.28. The asking price is $1,957,326. The investment is further strengthened by the consistent growth and recession-resistant nature of the veterinary services market, projected to experience significant expansion in the coming years. This portfolio presents a rare opportunity to acquire a stable, high-yielding asset with significant long-term potential in a prime location. The property's strong tenant, Veterinary Innovative Partners, provides additional security and confidence in the investment.