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Views: 41 DOM: 29 Updated: 10.08.24 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 14.10
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

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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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

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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