5006 Palm Coast Pky NW - Specialty FOR SALE


Palm Coast, FL 32137
$3,150,000 USD
305-320-1148
5006 Palm Coast Pky NW, Palm Coast, FL for Sale
$3,150,000 USD
Specialty - FOR SALE
1/38
null | 6.73% Cap Rate

5006 Palm Coast Pky NW
Palm Coast, FL 32137


HIGHLIGHTS

  • Purpose-built 6,818 SF veterinary hospital completed in 2020 with a steel roof, offering a modern asset and low anticipated capital expenses.
  • Prime Palm Coast location on Palm Coast Parkway between US-1 and I-95, offering exceptional visibility, accessibility, and strong fundamentals
  • High-visibility location with approximately 24,072 daily vehicles, providing strong tenant exposure and enhancing long-term real estate value

OVERVIEW

We are pleased to present the opportunity to acquire Pine Lakes Animal Hospital, a premier single-tenant veterinary investment located at 5006 Palm Coast Parkway, Palm Coast, Florida. This 6,818 SF purpose-built/built to suit veterinary facility occupies a highly visible location along Palm Coast Parkway, strategically positioned between U.S. Highway 1 and Interstate 95 in one of the area's primary retail corridors. The property benefits from exceptional visibility and accessibility, with approximately 24,072 vehicles passing the site daily. It is surrounded by nationally recognized retailers including Publix, Walmart, Chick-fil-A, and numerous other major retailers, providing excellent consumer traffic and strong long-term real estate fundamentals within the growing Palm Coast market. Completed at the end of 2020, the building was specifically designed and constructed as a build to suit facility for the current tenant. The property features modern construction throughout, including a steel roof, providing an extended roof life and reducing future capital expenditure concerns for ownership. The property is leased on a triple net (NNN) lease to VetCor, one of the nation's largest veterinary operators, with a network of approximately 900 locations and more than 15,000 employees. The lease has just over five and a half years of remaining term, generates approximately $211,900 in annual net rental income, and includes 2% annual rent escalations, providing investors with stable and growing cash flow. Roof replaced in 2025. One of the property’s two HVAC units was replaced in July 2026, with the second unit recently serviced. These recent improvements significantly reduce anticipated near-term capital expenditures for a new owner.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$462 USD /SF

CAP RATE

6.73%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine Lakes Animal Hospital

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

07-11-31-7013-RP-0030

ASK ABOUT THIS PROPERTY

Brady WisdomWisdom Capital GroupMore Info
305-320-1148

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Brady WisdomWisdom Capital GroupMore Info
305-320-1148

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