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4209 NW 37th Pl
Gainesville, FL 32606 Northwest Gainesville

$2,626,087 USD

Veterinarian Kennel For Sale  •  5,454 SF

Property Details

  • Property Type Veterinarian Kennel
  • Total Building Size 5,454 SF
  • Lot Size 1.16 AC
  • Building Class C
  • Year Built 1991
  • Cap Rate 5.75 %
  • Tenancy Single
  • Zoning PD-0
30 Transit Score
50 Walk Score

Highlights

Banfield Pet Hospital, a wholly owned subsidiary of Mars, Inc., is the 2nd largest veterinary hospital in the country, boasting over 1,000 locations.
The lease is signed by Banfield’s top-line entity (Medical Management International, Inc.), providing a guarantee of over 1,000 units.
Banfield Pet Hospital recently executed an early 5-year extension, bumping the lease term to 8+ years, underscoring its long-term commitment.
The lease features 10% rental increases every five years, along with three additional five-year renewal options.
Gainesville is home to the University of Florida, a top-tier public university and major economic driver, supporting a large, stable employment base.
Continued population growth driven by the University of Florida, healthcare employment, & in-migration supports long-term demand for essential service
Cap Rate: 5.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Banfield PET Hospital 5,688 SF 6/30/2034

Amenities

  • Signage

Public Transportation

AirportDriveWalkDistance
Gainesville Regional 17 min - 7.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Gage Earnhart 737-234-3972 Sands Investment Group Austin, LLC
Gage Earnhart 737-234-3972 Sands Investment Group Austin, LLC