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5001 Overseas Hwy
Marathon, FL 33050

$3,000,000 USD

Veterinarian Kennel For Sale  •  6,000 SF

Property Details

  • Property Type Veterinarian Kennel
  • Total Building Size 6,000 SF
  • Lot Size 0.46 AC
  • Building Class C
  • Year Built 1973
  • Cap Rate 6.29 %
  • Tenancy Single
  • Zoning MU
0 Transit Score
50 Walk Score

Highlights

Thrive Pet Healthcare is a leading national veterinary services platform, operating more than 400 clinics across 37 states.
Thrive Pet Healthcare has executed the first of four (5-year) lease renewal options, featuring 3% annual rent increases.
Situated in Marathon, FL, a central hub in the Florida Keys, this location captures year-round demand from both residents and seasonal visitors.
Marathon Veterinary Hospital is the largest and best-equipped animal care facility in the region, offering comprehensive services.
High barrier-to-entry market - limited commercial real estate availability and strict zoning regulations in the Keys.
The hospital holds AAHA (American Animal Hospital Association) accreditation—a distinction earned by about 15% of veterinary practices in the U.S.
Cap Rate: 6.29 %

Major Tenants

Tenant SF Occupied Lease End Date
Marathon Veterinary Hospital 6,000 SF 10/31/2030

Parking Details

Parking Available: Yes
Reserved: No
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