UVC - Suncoast Veterinary Emergency & Specialty Center
- Price: $1,420,000
- Cap Rate: 6.00%
- Years Remaining: 10
- Rentable Area: 6,712 SF
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UVC - Suncoast Veterinary Emergency & Specialty Center
Sarasota, FL
Investment Highlights
- Sales Price: $1,420,000
- Cap Rate: 6.00%
- Years Remaining: 10
- Lot Size: 0.36 Acres
- Market: Sarasota, Florida
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, Suncoast Veterinary Emergency & Specialty Center investment property located in Sarasota, Florida. The Tenant, United Veterinary Care, has 10 years remaining in their initial term with 2 5-Year options to extend. The lease features annual rental increases of 3%. The lease is a triple net with limited landlord responsibilities of roof, structure, and HVAC replacement, making it an ideal, low-management investment opportunity for a passive investor. United Veterinary Care was founded in 2019 with a mission to take care of the people who take care of animals and now have 103 locations in 22 states.
Location
Suncoast Veterinary Emergency & Specialty Center is strategically located on US Highway 41. The site benefits from superior visibility via significant street frontage and a large monument sign situated along. It shares this busy Sarasota area with businesses like Dollar Tree, Starbucks, Shermin-Williams, and U-Haul. The location benefits from the frequent street traffic of US Highway 41, which sees 43,463 vehicles daily. The 5-mile trade area is supported by a population of 145,749 and 16,840 daytime employees. Within a 1-mile radius of the subject property, the average household income is $127,163.
