Property summary
This fee-simple medical office building presents a compelling investment opportunity. Located at 2585 N University Dr, Sunrise, FL 33322, this 2,500 square foot property is 100% occupied by Heartland Vet Partners, operating as Animal Hospital of University Drive, under a Net Lease agreement. The lease commenced June 1, 2021, and has approximately six years remaining, with two, three-year renewal options and 1.0% annual rent increases. The property boasts a 6.50% cap rate and a current NOI of $65,000. Situated on a 0.24-acre lot, the building was constructed in 1980 and benefits from a corporate guarantee. The property enjoys a prime location in a dense commercial corridor with high traffic volume (55,500 vehicles daily) and a large population base (over 458,000 residents within a five-mile radius). The area has experienced significant population growth (14.2% since 2010), and the property is near major retailers including Home Depot, Starbucks, Lowe's, Walmart, and several grocery stores. Sunrise's strategic location in Broward County provides easy access to major South Florida cities, contributing to its strong economic growth and making this a secure, long-term investment with a nationally renowned veterinary operator. The asking price is $1,000,000.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
To arterial streets and trafficways where business establishments primarily not of a neighborhood or community service type may properly locate to serve large sections of the city and metropolitan area
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Sunrise, FLTo arterial streets and trafficways where business establishments primarily not of a neighborhood or community service type may properly locate to serve large sections of the city and metropolitan area
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for B-3 in Sunrise, FL.
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