Staten Island Pet Hospital Building
Staten Island, New York
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a net leased, mixed-use, Aadobe Pet Hospital investment property located in Staten Island, NY (New York City MSA). The offering includes a one-story building designated for commercial use and a two-story building located in the rear with two-bedroom apartments on each level. The property is currently 100% occupied, and provides multiple sources of potential income for a future investor. The primary tenant, PetVet Care Centers, LLC, has approximately 8 years remaining in their initial term with 2 (5-year) options to extend. The lease features 2% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. With more than 260 general, specialty and emergency hospitals, PetVet Care Centers is a nationwide veterinary network with a solid commitment to pets and their owners in every community they serve.