Listed by Northmarq - Chicago
$2,211,680
Kindness Animal Hospital
Details
Property Type Retail, Office
Sub Type Medical Office
Square Footage 5,500
Cap Rate 6.25%
NOI $138,230
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 15
Lease Expiration 10/31/2033
Remaining Term 7.3
Lease Options 2 x 5 Year
Year Built 1995
Buildings 1
Acreage 1.120
Lease Commencement 11/06/2018
Ground Lease No
Long-Term Net Lease | Strategic Location | Market Resilient Tenant | Fort Myers-Cape Co
Marketing description
Northmarq is pleased to present Kindness Animal Hospital, a 5,500 SF veterinary asset located at 715 Cape Coral Parkway W in Cape Coral, Florida. The property is offered at $2,211,680, representing a 6.25% cap rate on current NOI of $138,230. The asset is leased to Pathway Vet Alliance LLC with seven years of term remaining and 3% annual rent increases. The property benefits from strong frontage along Cape Coral Parkway W, multiple access points, and dense, affluent demographics in a growing Southwest Florida market.
Investment highlights
- Long-Term Net Lease with Attractive Annual Increases
- Market-Resilient Veterinary Healthcare Tenant
- Premier Cape Coral Parkway Frontage with Multiple Access Points
- Strategic Location within Cape Coral’s Medical Corridor
- Dense, Affluent Demographics
- Favorable Florida Investment Environment
Listing Contacts
Listed by Northmarq - Chicago
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,230.00
$11,519.17/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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