Pine Lakes Animal Hospital 5006 Palm Coast Pky NW 6 000 pi² 100% Loué Commerce de détail Immeuble Palm Coast, FL 32137 4 376 988 $ CAD (729,52 $ CAD/pi²) 6,73% Taux de capitalisation

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.