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7790 S U.S. Hwy 1, Port St. Lucie, FL

Veterinary Medical Center

$5,091,490

Key Information

Cap Rate
6.5%
$ per SF
$418
Tot. SF
12,166
Lot Size
2.76 Acres
Year Built
2013
Term Remaining
± 13 Years
Type
Healthcare
NOI
$330,947

Highlights

• Long-Term 13-Year NNN Lease — Approximately 13 years of remaining lease term provides long-duration contractual income with limited near-term rollover exposure.
• Alliance Animal Health — The lease identifies Alliance Animal Health as the tenant, strengthening the underlying lease structure.
• 2.50% Annual Rental Increases — Contractual 2.50% annual rent increases provide consistent NOI growth throughout the initial lease term and help offset inflation.
• Two 5-Year Renewal Options — Two additional five-year options provide the potential to extend the tenant’s occupancy for up to 10 years beyond the initial term.
• Attractive $330,947 NOI | 6.50% Cap Rate — At the updated $5.09 million list price, the Property offers a 6.50% cap rate based on approximately $330,947 of annual NOI.
• Established Veterinary Facility — Built in 2013, the ±12,166-square-foot facility sits on a sizable ±2.76-acre parcel along S U.S. Highway 1 in Port St. Lucie.
• High-Growth Port St. Lucie Trade Area — The five-mile population is projected to grow 17.62% from approximately 148,820 to 175,036 residents, while households are projected to grow 16.01%.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203