Description

JLL, as exclusive selling agent, is pleased to present Heart of Florida Animal Hospital & Pet Resort, located at 14 & 40 Kentucky St, Haines City, FL 33844.
This offering provides the opportunity to acquire a single-tenant veterinary hospital with durable, hands-off income. The property is leased to American Veterinary Group (AVG) on an Absolute NNN basis with approximately 6.7 years of term remaining and four 5-year renewal options. Rent escalates annually by the lesser of 2% or 1.25x CPI, offering steady, predictable growth.
The 9,263 SF hospital sits on a 0.57-acre parcel and generated $919,288 of site-level EBITDAR, covering the $71,275 annual rent 12.9x. AVG is a 150+ location veterinary operator backed by Oak Hill Capital. The asset fronts U.S. Highway 27, a major corridor carrying 59K VPD, and is near Haines City Mall and its national retail tenants.
Haines City is one of the faster-growing trade areas in Central Florida. Five-mile population rose 45.1% from 2020 to 2026, more than four times Florida’s overall growth. Nearby AdventHealth Heart of Florida anchors local healthcare demand, and the adjacent $180M Crossroad Village Center, a 120-acre mixed-use development, will add 300K SF of retail and 760 residential units.

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Attributes

Asking price

₱67,620,000

Cap rate

6.65%

WAULT

6.7 years

Building area net

861 sm

Occupancy

100%

Absolute NNN lease: no landlord responsibilities
±6.7 years of remaining term: expires July 2033, with four 5-year renewal options
Annual rent increases: lesser of 2% or 1.25x CPI
Strong site-level performance: 12.9x EBITDAR coverage
Prime frontage: along US-27, with 59K VPD
Growing trade area: five-mile population up 45% since 2020, more than 4x Florida’s growth rate
Adjacent to a major development: the $180M Crossroad Village Center, a 120-acre mixed-use project with 300K SF of retail and 760 residential units
Established retail corridor: near Haines City Mall (Publix, Dollar General, Bealls) and AdventHealth Heart of Florida, a 202-bed hospital