Mayfair Pet - Kissimmee, FL_Property for Sale

2744 N Orange Blossom Trail, Kissimmee, FL, 34744, US

Mayfair Pet - Kissimmee, FL

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in the Mayfair Pet Hospital, a partner of Alliance Animal Health, located in Kissimmee, FL (the “Property” or “Asset”). Alliance Animal Health is operating on a long-term double-net lease with 9.8 years remaining and 3% annual rent increases throughout the primary and renewal option periods. The space currently has a 9,000 SF vacancy, which allows for a potential investor to add value by bringing the site to 100% occupancy. This opportunity epitomizes an essential healthcare asset offering secure, long-term cash flow backed by an established veterinarian hospital operator.

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Attributes

Asking Price

NZ$4,783,000

Building area Gross

1,672 m²

Occupancy

50.00%

Year built

1983

Cap Rate

6.08%

NOI

NZ$291,000

Media

Investment Highlights

Orlando has the largest number of new residents of any major metro in the US, with the local population increasing by 298 people per day.
Leading multi-practice group with 170+ veterinary hospitals across 28 states and the backing of L Catterton, a private equity firm with $33 billion assets under management.
9.8 years of lease term remaining with 3.0% rent escalations annually including two, five-year renewal options offers a secure and growing income stream.
Located in Kissimmee, a suburb of the Orlando MSA, with 251,000+ residents within a five-mile radius and 12.4% population growth since 2010.
Situated on N Orange Blossom Trail (aka US-441), a residential and commercial corridor with roughly 2M and 1M SF of retail and medical space, respectively.
It is a $61.8B industry with revenue growing more than 53.3% since 2010. 23M US households purchased a new pet between 2020 and 2021.