NNN Veterinary Clinic | Ormond Beach, FL
226 Vining Court, Ormond Beach, Florida 32176
Sold: $500,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
1,596 sqft
Land Size
0.19 acres
Zoning
B-4
Year Built
1965
Cap Rate
6.72%
Parcel No
4214-13-07-0010
Property Description
Small Investor Offering - 1,596 SF freestanding building on 0.19+/- acres operating as a veterinary clinic.
- $33,925.85 Annual Base Rent current lease year with 2% Annual Increases.
- Lease expires 7/31/2034.
- 6.72% Initial Cap Rate PLUS Tenant pays Common Area Maintenance, Real Estate Taxes, and Insurance.
- 10+ years remaining term on the NNN lease.
- Tenant is a national veterinary clinic with over 300 locations.
- Front and rear parking on the 56' x 150' lot.
- A valuable addition to your investment portfolio!
- Tenant not to be contacted or disturbed.
- All communication to be conducted exclusively through the listing broker.
LOCATION OVERVIEW
Beachside location south of Granada Boulevard and just east of Atlantic Avenue (A1A).