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Alliance Animal Health

209 East Commercial Street, Sanford, FL 32771

$2,332,770

Cap Rate 6.75%

Views: 136 DOM: 191 Updated: 11.11.24 Posted: 09.24.24 Status: Active

Summary

Price $2,332,770
Built/Renov 2024
Tenant Alliance Animal Health
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,702
Lease Start 08-26-2024
#Units 200
Price/SF $630.14
Expiration 08-31-2039
Tenant Type Medical/Health
NOI $157,462
R. Term 14.5
Ownership Fee Simple
Rent/SF $42.53
Increases 0.0%/0/yrs
Pop 5Mi 110,153
Lot/AC 0.00
Options 4/5yrs
AHHI 5Mi $90,717

Gabe Simpson
Sands Investment Group
Contact

Andrew Ackerman
Sands Investment Group
Contact

Lease Highlights

  • Brand new 2024 construction
  • New 15-year lease with 4 (5-year) options to extend
  • Rental increases | Lesser of 3% or 1.75x the change in price index
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Alliance Animal Health | Riverwalk Animal Hospital is strategically located on East Commercial Street, with access to 16,849 vehicles passing by daily. The property is near prominent national tenants, including Dollar Tree, Ashley's, Floor & Decor, Michaels, and Planet Fitness. The 5-mile trade area serves a population of 110,153 residents with an average household income of $90,717. Sanford,...

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Key Features

  • Recent renovation

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Corporate Guarantee

  • Over 100 Units backed

    • ...

Links

Alliance Animal Health Wikipedia Sanford, Florida Zip Code 32771 Broker Site Page

Documents

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Tenant

About Tenant

Alliance Animal Health is a private, veterinarian-led company that partners with veterinary practices across the United States to provide a range of management services, including business...


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Listing Broker

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Gabe Simpson

Sands Investment Group

Contact
  • 2 Listings
  • 283 Views
  • 0 Sold
Andrew Ackerman

Sands Investment Group

Contact
  • 61 Listings
  • 10156 Views
  • 30 Sold
Gabe Simpson

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Andrew Ackerman

Andrew is a seasoned CRE professional with over 10 years experience and has closed over $500M in transaction volume over the course of his career. Andrew has a proven track record in brokerage as well team management which he’s done in several capacities since first joining Marcus & Millichap in 2005. Before joining SIG, Andrew was a top producing agent at Stan Johnson Company’s Atlanta office, he brokered the closing of a 16-store sale leaseback for $26M while receiving the company’s Mento

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Cap Rate 7.25%

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R. Term 13.11 yrs

Size/SF 3,767


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