7790 S U.S. Hwy 1, Port St. Lucie, FL
Veterinary Medical Center
Key Information
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%.
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