CareVet - Skylark Animal Hospital
- Price: $985,714
- Cap Rate: 7.00%
- Years Remaining: 5
- Rentable Area: 2,800 SF
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CareVet - Skylark Animal Hospital
Ocala, FL
Investment Highlights
- Sales Price: $985,714
- Cap Rate: 7.00%
- Years Remaining: 5
- Lot Size: 0.46 Acres
- Market: Ocala, FL
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, Skylark Animal Hospital investment property located in Ocala, Florida. The Tenant, CareVet, has over 5 years remaining in their initial term with 4 5-year options to extend. The lease features annual increases of 2% with the first increase commencing on March 1st, 2025. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Founded in 2018, CareVet is an established network of veterinary hospitals with over 100 practices across 30 states. CareVet recently announced that they are investing $75 million in its facilities in the next five years.
Location
Skylark Animal Hospital is strategically located on NE 25th Avenue. The site benefits from superior visibility via significant street frontage and a monument sign situated along NE 25th Avenue. It shares this busy Ocala area with businesses like Wells Fargo, Family Dollar, and Public Storage. The location benefits from the frequent street traffic of NE 25th Avenue, which sees 9,274 vehicles daily. The 5-mile trade area is supported by a population of 93,815 and 50,075 daytime employees with an average household income of $91,048.
