5001 Overseas Hwy - Veterinarian/Kennel FOR SALE


Marathon, FL 33050
$3,000,000 USD
737-234-3972
5001 Overseas Hwy, Marathon, FL for Sale
$3,000,000 USD
Veterinarian/Kennel - FOR SALE
1/5
null | 6.29% Cap Rate

5001 Overseas Hwy
Marathon, FL 33050


HIGHLIGHTS

  • Thrive Pet Healthcare is a leading national veterinary services platform, operating more than 400 clinics across 37 states.
  • Thrive Pet Healthcare has executed the first of four (5-year) lease renewal options, featuring 3% annual rent increases.
  • Situated in Marathon, FL, a central hub in the Florida Keys, this location captures year-round demand from both residents and seasonal visitors.
  • Marathon Veterinary Hospital is the largest and best-equipped animal care facility in the region, offering comprehensive services.
  • High barrier-to-entry market - limited commercial real estate availability and strict zoning regulations in the Keys.
  • The hospital holds AAHA (American Animal Hospital Association) accreditation—a distinction earned by about 15% of veterinary practices in the U.S.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale this 6,000 SF single-tenant Marathon Veterinary Hospital, located at 5001 Overseas Hwy in Marathon, FL. The property is leased to Thrive Pet Healthcare (a 400+ unit operator), which has executed the first of four (5-year) renewal options, featuring 3% annual rent escalations and minimal landlord responsibilities. The property has dedicated parking and is located on a well-trafficked corridor with direct access and visibility from the main thoroughfare. With consistent rent growth and reliable cash flows, this offering is a rare opportunity to acquire the largest credit-backed veterinary asset in a supply-constrained Florida Keys market. In Cooperation With SIG RE Services, LLC - Lic. #CQ1055229 BoR: Andrew Ackerman - Lic. FL #BK3369953

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

6.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Thrive Pet Healthcare (2025) - Marathon, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

MU

APN/PARCEL ID

00324380-000000

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 Notice.