Summer Street Cat Clinic Portfolio — Sale in Buffalo, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Buffalo, NY 14209
  • Submarket: CBD

Photos

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Summer Street Cat Clinic Portfolio — Sale in Buffalo, NY, photo 4 of 4

Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the NVA Cat Animal Clinic Portfolio, located in Buffalo and Getzville, New York. The two single-tenant animal hospitals are 100 percent leased to the world’s largest veterinary company, National Veterinary Associates (NVA). NVA has practiced at both clinics since 2021 and has executed an early seven-year lease renewal, keeping the two five-year renewal options intact. Since COVID-19, studies show over 23 million American households include pet owners. Veterinary practices were deemed essential through the pandemic and continue to thrive as safe and secure investments. NVA was founded in 1996 and currently has over 1,500 veterinary locations across the world (U.S., Canada, Australia, New Zealand, and Singapore). NVA is majority owned by private equity firm JAB Holding Company, which has 199 years of investing experience and over $50 billion in assets under management. In total, four practicing veterinarians provide a wide range of veterinary services including general medicine, surgery, diagnostics, specialty care, laser treatments, and more. The Buffalo Summer Street Cat Clinic began serving their community in 1981 and stands at 2,178 square feet, and the Getzville Summer Street Cat Clinic opened their doors in 1993 and stands at 2,700 square feet. Both properties offer minimal landlord obligation under the double-net (NN) lease structure with strong annual rent increases of 2.5 percent. The two facilities are located 20 minutes away from each other, offering NVA the ability to rotate veterinarians and employees when needed. Investment Highlights: • NVA Has Over 1,500 Veterinary Hospitals in the United States • Double-Net (NN) Lease Offers Minimal Landlord Responsibilities • Feline-Only Clinic Allows for Deeper Specialization • NVA Executed an Early Seven-Year Renewal, Keeping Two 5-Year Renewals Intact • Pet Industry Expenditure Exceeds $156 Billion

Market Context

This office in Buffalo, NY is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in Buffalo, NY — view the full market.

As of Q2 2026, the Buffalo office market showed a 20.9% vacancy rate, and average asking rents near $21.50/SF/yr. Source: Cushman & Wakefield Q2 2026 market report.

Above-average vacancy gives buyers leverage and a wide set of comparables.

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Is the Buffalo office market tightening or softening?
Vacancy is around 20.9% (Q2 2026).

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