203 Government Ave - Medical FOR SALE


Niceville, FL 32578
$2,699,548 USD
737-234-3972
203 Government Ave, Niceville, FL for Sale
$2,699,548 USD
Medical - FOR SALE
1/4
null | 6.65% Cap Rate

203 Government Ave
Niceville, FL 32578


HIGHLIGHTS

  • Established National Tenant: Innovetive Petcare is a leading integrated veterinary healthcare platform with more than 80 locations across 16 states
  • Experienced Operator in Growth Mode: Founded in 2015, the company specializes in acquiring and operating both specialty
  • Strategic Relocation to Upgraded Facility: The tenant relocated to this larger facility to meet increased patient demand
  • Recent Capital Improvements: Significant upgrades were completed in anticipation of the clinic’s opening
  • Secure, Long-Term Lease Structure: The 15-year Triple Net (NNN) lease offers passive ownership with minimal landlord responsibilities
  • Strong Demographic and Market Fundamentals: Located in Niceville, FL, a high-demand Gulf Coast market near Destin

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale a newly renovated, 4,800-sf Innovetive Petcare facility located at 203 Government Avenue in Niceville, FL. This premier veterinary property is secured by a longterm 15-year Triple Net (NNN) lease with 3 additional 5-year renewal options and scheduled 10% rent increases every 5 years, offering investors stable cash flow with built-in rental growth. Innovetive Petcare, a leading operator of veterinary hospitals across the southern United States. Backed by a strong market presence and a robust capital improvement investment, this location represents a high-quality, recession-resistant asset in a desirable coastal Florida market. In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953

FOR SALE DETAILS

PRICE

$2,699,548 USD

PRICE/SF

$562 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Innovetive Petcare - Niceville, FL

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

-

APN/PARCEL ID

12-1S-23-1230-0006-0010

ASK ABOUT THIS PROPERTY

Gage EarnhartSands Investment Group Austin, LLCMore Info
737-234-3972

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Gage EarnhartSands Investment Group Austin, LLCMore Info
737-234-3972

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.