Listed by Matthews
$436,364
Animal Eye Clinic Of Pensacola
Details
Property Type Special Purpose
Square Footage 2,584
Cap Rate 8.25%
NOI $36,000
Occupancy 100%
Lease Type NNN
Lease Expiration 05/31/2031
Remaining Term 5
Price per SqFt $169
Acreage 0.240
Lease Commencement 05/26/2021
Ground Lease No
NNN Veterinary Clinic – 5 Years Remaining, 2% Increases, Prime Florida Coast
Investment highlights
- Stable Investment: There are approximately 5.00 years remaining on the NNN lease, featuring built-in annual rent bumps of 2% and one (1), five (5) year renewal option.
- Prime Coastal Location: Located in Fort Walton Beach, Florida, the property benefits from strong tourism, population growth, and proximity to major corridors including Eglin Parkway, supporting consistent demand for veterinary services.
- Scheduled Rental Increases: The lease includes annual rent escalations of 2%, providing steady income growth and a natural hedge against inflation.
- Healthcare Real Estate: Veterinary assets are considered highly resilient, supported by non discretionary pet care spending and strong industry fundamentals even during economic downturns.
- Established Veterinary Operator: The property is leased to Animal Eye Clinic of Pensacola, an experienced operator with an established presence and loyal client base.
- Tenant Investment in Location: This purpose-built facility is critical to ongoing operations, with significant tenant investment in specialized build-outs, reducing relocation risk and supporting long-term tenancy.
- Very Passive Lease Structure: The NNN lease structure minimizes landlord responsibilities, offering a passive investment opportunity for both local and national investors.
- Strong Industry Fundamentals: The global veterinary services market continues to expand, projected to reach over $140 billion by 2026, driven by increasing pet ownership and higher spending on animal healthcare.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,000.00
$3,000.00/mo
Valuation Metrics
0
DSCR
8.25%
Cap Rate
8.25%
ROI
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