372 S Powerline Rd - Freestanding FOR SALE


Deerfield Beach, FL 33442- Outer Pompano Beach/Deerfield Beach
$2,000,000 USD
954-595-2999
372 S Powerline Rd, Deerfield Beach, FL for Sale
$2,000,000 USD
Freestanding - FOR SALE
1/19
null | 5.93% Cap Rate

372 S Powerline Rd
Deerfield Beach, FL 33442
Outer Pompano Beach/Deerfield Beach


HIGHLIGHTS

  • Prime Location – Situated directly on Powerline Road with direct access to I-95, the Turnpike, and major business districts.
  • Stable Investment – Established Tenant with 6+ years remaining on the current lease term, and options providing stable income.
  • Well-Maintained Property – Property underwent a substantial build out and customization, creating a high barrier to entry to replicate

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$463 USD /SF

CAP RATE

5.93%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MedVet NNN Leased Veterinarian

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

B-1

APN/PARCEL ID

48-42-03-20-0130,48-42-03-20-0140

ASK ABOUT THIS PROPERTY

Jaime SturgisNative Realty Co.More Info
954-595-2999

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Jaime SturgisNative Realty Co.More Info
954-595-2999

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