NNN Veterinary Clinic | Ormond Beach, FL
226 Vining Court, Ormond Beach, Florida 32176
Sold: $500,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
1,596 sqft
Land Size
0.19 acres
Zoning
B-4
Year Built
1965
Cap Rate
6.72%
Parcel No
4214-13-07-0010
Property Description
Small Investor Offering - 1,596 SF freestanding building on 0.19+/- acres operating as a veterinary clinic.
- $33,925.85 Annual Base Rent current lease year with 2% Annual Increases.
- Lease expires 7/31/2034.
- 6.72% Initial Cap Rate PLUS Tenant pays Common Area Maintenance, Real Estate Taxes, and Insurance.
- 10+ years remaining term on the NNN lease.
- Tenant is a national veterinary clinic with over 300 locations.
- Front and rear parking on the 56' x 150' lot.
- A valuable addition to your investment portfolio!
- Tenant not to be contacted or disturbed.
- All communication to be conducted exclusively through the listing broker.
LOCATION OVERVIEW
Beachside location south of Granada Boulevard and just east of Atlantic Avenue (A1A).
Location
Contact
John W. Trost, CCIM
SVN | Alliance Commercial Real Estate Advisors