76 Eglin Pkwy NEFort Walton Beach, FL 32548
Animal Eye Clinic Of Pensacola
Asset ClassHealthcare Facility
Investment Highlights
- Stable Investment: There are approximately 5.00 years remaining on the NNN lease, featuring built-in annual rent bumps of 2% and one (1), five (5) year renewal option.
- Prime Coastal Location: Located in Fort Walton Beach, Florida, the property benefits from strong tourism, population growth, and proximity to major corridors including Eglin Parkway, supporting consistent demand for veterinary services.
- Scheduled Rental Increases: The lease includes annual rent escalations of 2%, providing steady income growth and a natural hedge against inflation.
- Healthcare Real Estate: Veterinary assets are considered highly resilient, supported by non discretionary pet care spending and strong industry fundamentals even during economic downturns.
- Established Veterinary Operator: The property is leased to Animal Eye Clinic of Pensacola, an experienced operator with an established presence and loyal client base.
- Tenant Investment in Location: This purpose-built facility is critical to ongoing operations, with significant tenant investment in specialized build-outs, reducing relocation risk and supporting long-term tenancy.
- Very Passive Lease Structure: The NNN lease structure minimizes landlord responsibilities, offering a passive investment opportunity for both local and national investors.
- Strong Industry Fundamentals: The global veterinary services market continues to expand, projected to reach over $140 billion by 2026, driven by increasing pet ownership and higher spending on animal healthcare.
76 Eglin Pkwy NEFort Walton Beach, FL 32548
Listing provided by LightBox Revere