$2,100,000
Active · 0 days on market · MLS# MFRO6383136
| Living area | 7,159 sq ft |
|---|---|
| Lot size | 0.89 acres |
| Year built | 2007 |
| Property type | Office |
| Waterfront | Yes |
| Annual taxes | $20,692 |
| County | Lake |
***Investment Opportunity – Corporate-Backed Veterinary Hospital | Long-Term NNN Lease in Place*** We are pleased to present the exclusive offering of a corporate-backed Veterinary Hospital net-leased investment property. The property consists of approximately 7,159 rentable square feet situated on an estimated 0.89-acre parcel, offering strong visibility and accessibility along a major thoroughfare. This asset is secured by a 20-year absolute Triple Net (NNN) lease that commenced on February 1, 2021, providing investors with stable, passive income and minimal landlord responsibilities. The current annual base rent is $110,000, with scheduled 10% rental increases every five years, delivering built-in income growth over the lease term. This offering presents a compelling opportunity to acquire a long-term, corporate-backed investment with predictable cash flow in the growing Mount Dora market.
Listing courtesy of Indra Kasireddy, BLISSFUL REAL ESTATE LLC. Presented by MC Homes Realty Inc · 727432218.