209 Commercial St Sanford, FL 32771-1315

This exceptional investment opportunity presents a 3,702 square foot medical office building in Sanford, Florida, currently occupied by Alliance Animal Health under a 15.2-year absolute NNN lease commencing June 12, 2024, and expiring August 31, 2039. The lease features a corporate guarantee, providing significant security for investors. The property boasts a strong 6.75% cap rate and a net operating income (NOI) of $157,462. The asking price is $2,332,770, translating to $630.14 per square foot. The building underwent complete renovations in 2024, totaling $300,000 in tenant improvements, showcasing Alliance Animal Health's commitment to the location. Rent increases are tied to the lesser of a 3% annual increase or 1.75 times the change in a relevant price index. The lease includes four 5-year renewal options, further enhancing the long-term value of this investment. Alliance Animal Health operates over 200 locations across 27 states, demonstrating financial stability and brand recognition. The property enjoys excellent visibility on East Commercial Street in Sanford, within the Orlando MSA, a region with a dense young professional population and an average household income exceeding $90,000 within a 5-mile radius. The veterinary services market exhibits robust growth, making this a resilient and attractive investment in a tax-free state.