120 North Village Avenue is a 9,000 SF freestanding single-story building in the heart of downtown Rockville Centre, currently leased to PetOne Veterinary, Rockville Centre Hospital — a 24-hour, full-service veterinary hospital providing wellness, urgent care, surgery, and emergency medicine to pets across Rockville Centre and the broader South Shore of Nassau County and southern Queens.
The Tenant: Operating under the PetOne Veterinary brand, the hospital is staffed by Premier Veterinary Medical Group and serves a regional catchment of more than 25 communities including Atlantic Beach, Baldwin, Cedarhurst, East Rockaway, Floral Park, Franklin Square, Freeport, Hempstead, Hewlett, Island Park, Lawrence, Long Beach, Lynbrook, Oceanside, Uniondale, Valley Stream, Westbury, and Woodmere. The location operates 24 hours a day and carries a 4.7-star Google rating across 230+ reviews — reflecting deep community engagement and a stable, recurring patient base.
Tenant Credit Profile: PetOne is the consumer-facing brand of National Veterinary Associates (NVA), the largest pure-play veterinary services platform in North America after Mars Veterinary Health. NVA generates approximately $4 billion in annual revenue across more than 1,400 general practice veterinary hospitals, equine clinics, and pet resorts. NVA is a portfolio company of JAB Holding Company — the multi-billion-dollar global investment firm behind Pret A Manger, Krispy Kreme, Panera, JDE Peet’s, and Keurig Dr Pepper. JAB acquired NVA in 2019 in a transaction valued at approximately $5.3 billion and has continued to invest in the platform, including the recent appointment of a public-company CFO widely interpreted as IPO preparation.
Location & Access: The building sits two blocks from the Rockville Centre LIRR station, offering a ~35-minute express commute to Penn Station/Manhattan. On-site private parking is augmented by adjacent municipal lots and the n15 / n16 NICE bus routes at Randall Av / Village. The trade area features average household incomes north of $150,000 within a one-mile radius and one of the lowest retail vacancy rates in Nassau County.
Investment Thesis: A rare opportunity to acquire a single-tenant net-leased asset in a supply-constrained New York trade area, occupied by a 24-hour, recession-resilient medical-use tenant with institutional sponsorship and IPO-track parent ownership. Pet healthcare has demonstrated strong demand durability through economic cycles, and the property’s downtown Rockville Centre location, walk-up visibility, and dedicated parking position it as a long-term hold for credit-quality income.
For pricing guidance, lease abstract, and tour availability, please contact Schuckman Realty.
