Brand-New NN Leased Veterinary Investment | 10-Year Term | Recession-Resistant Tenant | Estero, FL
AiCRE Partners is pleased to present the sale of a 6,374 SF freestanding veterinary hospital located at 20270 S Tamiami Trail, Estero, FL 33928. This offering features a brand-new 10-year double-net (NN) lease with Humberstone Animal Hospital, a full-service veterinary provider. With limited landlord responsibilities, annual 3% rent escalations, and strong renewal options, this is an excellent opportunity to acquire a truly passive and stable investment in one of Southwest Florida’s fastest-growing markets.
The tenant has demonstrated a strong commitment to the location, signing a long-term lease with two (2) five-year renewal options. Humberstone Animal Hospital provides a wide range of veterinary services including wellness exams, diagnostics, and surgical procedures—positioning it as a highly recession-resistant asset. This investment is ideal for buyers seeking consistent cash flow backed by a necessity-based service.
Strategically located on U.S. Highway 41 (S Tamiami Trail), the property benefits from outstanding visibility and exposure to over 59,000 vehicles per day (VPD). Just minutes from I-75 and Corkscrew Road, the site offers easy access to both local and regional traffic. Estero is ideally situated between Fort Myers and Naples, offering an attractive mix of residential density, affluence, and commercial growth. The surrounding 5-mile radius includes a population of over 86,000 residents with an average household income of $140,749, highlighting strong local purchasing power and demand for services.
This is a 100% leased, single-tenant, NN property with a net operating income (NOI) of $112,800 and a 6.75% cap rate at the asking price of $1,671,111. The lease structure places responsibility for property taxes, insurance, CAM, maintenance, and utilities on the tenant, ensuring a low-touch ownership experience.
Key Investment Features:
- New 10-Year Double Net Lease (Through Sept 2035)
- 3% Annual Rent Increases Throughout Initial Term & Options
- Two (2) Five-Year Renewal Options
- Minimal Landlord Responsibilities (NN Structure)
- Strong Demographics | $140K Avg HH Income (5-Mile Radius)
- High-Traffic Corridor | 59,000 VPD on Hwy 41
- Essential Service Tenant | Full-Service Veterinary Hospital
- Passive Income Opportunity in Growth Market
- Located in Booming Estero, Between Fort Myers & Naples
Estero continues to experience robust residential and commercial expansion, driven by infrastructure investment, high-end retail, and quality-of-life amenities. Anchored by retail centers such as Coconut Point and Miromar Outlets, and institutions like Florida Gulf Coast University and Hertz Arena, the area presents a compelling long-term environment for medical and service-based tenants.
This is an excellent opportunity for investors looking for long-term income, asset stability, and growth potential in a tax-friendly state. The offering checks all the boxes for today’s net-lease buyers: new construction, essential service use, lease longevity, and a thriving local economy.