170 Professional Gln Lake City, FL 32025-1104

This exceptional investment opportunity presents a fee-simple ownership of a 10,000-square-foot veterinary hospital in Lake City, Florida. The property, built in 1996 and situated on a 0.81-acre lot at 170 SW Professional Glen, 32055, enjoys a prime location near US Highway 90 and Interstate 75, ensuring high visibility and accessibility. Currently operating under a Net Lease (NNN) agreement with a national veterinary operator, American Veterinary Group, the lease commenced August 4, 2022, and extends until August 31, 2037, with a remaining term of 12.7 years. The lease includes a robust 2% annual rent increase, mitigating inflation risks and guaranteeing consistent revenue growth. The property boasts 100% occupancy and a strong Net Operating Income (NOI) of $112,378, resulting in an attractive 6.52% cap rate. The tenant provides comprehensive veterinary services, making this a recession-resistant investment in a growing industry. This is a single-tenant, fee-simple ownership with minimal landlord responsibilities, offering a passive investment opportunity with significant long-term potential. The property's strategic location and the tenant's strong financial performance make this a compelling investment prospect.