Fully stabilized NNN-leased medical office asset for sale in Deerfield Beach, Florida. The property is leased to MedVet, a nationally recognized veterinary operator with over 7,500+ referral partners across the U.S. This single tenant lease structure offers true passive income with no landlord obligations, making it a low-maintenance investment suited for 1031 exchange buyers or investors targeting stable, long-term yield backed by a national credit tenant.
The site offers strong visibility and access, with proximity to I-95, Florida’s Turnpike, and major local arterials. Veterinary use represents a high-barrier-to-replace asset class, given the extensive interior build-outs typically required ($250–$400/SF), enhancing tenant retention and long-term occupancy stability. With over 30+ years of experience, MedVet's lease adds further stability, supported by their proven operating history and presence in numerous U.S. markets.
The U.S. veterinary services market is projected to exceed $75 billion by 2030, driven by pet ownership trends and increased demand for pet healthcare (Source: Grand View Research). Veterinary real estate has become a preferred asset class among private and institutional investors due to its resilience, specialized build-outs, and strong industry fundamentals.
This stellar site benefits from long-term tenancy, a high-demand and prime location, with a use that is difficult to replicate, this opportunity supports durable income and future value appreciation. Financials available upon request.