NNN 15 YRS - Animal Veterinary Hospital

*NNN - 15 YEARS LEASE LEFT PLUS OPTIONS*
Single-Tenant Absolute NNN Lease | Alliance Animal Health
3300 N Highway 19A, Mount Dora, FL 32757

Blissful Real Estate is pleased to present the exclusive listing for a corporate backed Aliance Animal Veterinary Hospital Net leased Property at 3300 N Highway 19A, Mount Dora, FL 32757. The site consists of roughly 7,159 rentable square feet of building space on an estimated 0.89-acre parcel of land. This Aliance Animal Veterinary Hospital has a 20-year Triple Net (NNN) lease, which commenced 2/1/2021. The current annual rent is $110,000 and has scheduled increases of 10% every 5 years.

Property Overview

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: 2007

Investment Highlights

Annual Base Rent: $110,000
Sale Price: $2,100,000
CAP Rate: 5.24%
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