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Last updated on February 13th, 2026

Sale Leaseback Portfolio

$4,700,000

1406 16th St, Vero Beach, Florida 32960


Building Size24,594 Square Feet
Land Size1.97 Acres
ZoningC-1, M, GC

Property Features:
- Lease Terms May be Adjusted to Better Suit Investor Needs.
- Sale-Leaseback Opportunity from Thriving Health and Wellness Organization.
- The Residential OR Commercial Package may be Purchased Individually!
- All Buildings Purchased and Renovated within the Past 5 Years.
- Renovations Vary by Address but Include Fully Interior Renovations, Plumbing and Electrical Upgrades, and Recent Roof HVAC Replacements.

Current Facility Use:
- 1406 16th St Vero Beach, FL 32960 – Mental Health Outpatient Services
https://behavioralhealth.purhealth.us/
- 6609-6623 N US Highway 1, Fort Pierce, FL 34946 – Detox & Residential Impatient Treatment
https://recovery.purhealth.us/
- 1581 & 1595 Old Dixie Hwy., Vero Beach FL, 32960 – PHP/IOP Addiction & Substance Abuse Programs
https://healthandwellness.purhealth.us/

Financial Summary - Lease Terms May be Adjusted to Better Suit Investor Needs
Parent Company: VBREP LLC
Total Square Footage: 24,594
Average Lease Expiration: February 2034 (8 Years Remaining)
Lease Structure: Triple Net (NNN)
Current Base Rent: $352,103.46
Rental Increases: 3% Annual
Renewal Options: Two, 1-Year Options (3% Increases)
Landlord Responsibilities: Roof, Structure, Common Area Maintenance (All Operating Expenses Billed Back to Tenant Including Amortized Capital Improvements or Repairs)
Tenant Responsibilities: All Interior Repairs & Maintenance Incl. HVAC

PORTFOLIO SUMMARY: Four Commercial Buildings Totaling 24,594 Square Feet.
NOI: $352,103.46
CAP RATE: 7.49%
SALE PRICE: $4,700,000


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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