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American Veterinary Group 170 SW Professional Dr

10,000 SF Retail Building Lake City, FL 32025 £1,334,382 (£133/SF) 6.75% Net Initial Yield

Investment Highlights

  • The global veterinary services market size is expected to reach $142 Billion by 2025, with a CAGR of 5.6% during that period.
  • Veterinary Hospitals are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends
  • The leases include a 2% annual rental increase, ensuring consistent revenue growth and protection against inflation over the lease term.
  • The clinic offers a wide range of services, including preventive care, cancer care, diagnostics, surgery, wellness programs, boarding, grooming, etc.
  • There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.

Executive Summary

Kyle Matthews
License No. CQ1052263 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
10,000 SF
Building Class
C
Year Built
1996
Price
£1,334,382
Price Per SF
£133
Net Initial Yield
6.75%
NOI
£90,071
Tenancy
Single
Number of Floors
1
Building FAR
0.28
Lot Size
0.81 AC
Parking
18 Spaces (1.8 Spaces per 1,000 SF Leased)
Frontage
174 ft on SW Professional Dr

Amenities

  • Signage

Nearby Major Retailers

Ameris Bank
Beef 'O' Brady's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-4S-17-07610-102
Land Assessment
£86,063
Improvements Assessment
£324,415
Total Assessment
£410,478
  • Listing ID: 34084561

  • Date on Market: 04/12/2024

  • Last Updated:

  • Address: 170 SW Professional Dr, Lake City, FL 32025

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