Tenant: Alliance Animal Health
Property Type: Single-Tenant Medical / Veterinary
Lease Type: Absolute NNN (No Landlord Responsibilities)
Building Size: 7,159 SF
Lot Size: ±0.89 Acre
Year Built / Renovated: 2007
Investment Highlights
Annual Base Rent: $110,000
Sale Price: $2,100,000
CAP Rate: 5.25%
Lease Term Remaining: 15 Years
Rental Increases: 10% every 5 years
Renewal Options: Four (4) x 5-Year Options with 10% increases per term
Lease Structure
Absolute NNN Lease
No Landlord Responsibilities
Long-Term Corporate Backed Lease by Alliance Animal Health
Strong Veterinary Operator with Over 150 Locations Nationwide
Location Highlights
Highly Visible Frontage on Highway 19A
Dense Residential and Commercial Surroundings
Growing Market in Lake County, Florida
Minutes from Downtown Mount Dora – a Popular Central Florida Destination
Nearby Retailers: Publix, Target, ALDI, Super Walmart, Walgreens, Wawa and more
Why Invest?
Passive Income Stream for 15 Years
Attractive Rent Increases – Inflation Hedge
Corporate-Backed Lease with a Reputable, Expanding Tenant
Stable Asset in a High-Growth Florida Market
Ideal 1031 Exchange Opportunity