Address: 372-378 Powerline Rd, Deerfield Beach, FL 33442
Description
Fully stabilized NNN leased medical office asset for sale in Deerfield Beach, Florida. The property is leased to MedVet, a nationally recognized veterinary operator with over 7,500+ referral partners across the U.S. This single tenant lease offers true passive income with no landlord obligations, making it a low maintenance investment suited for 1031 exchange buyers or investors targeting stable, long term yield backed by a national credit tenant.
The site offers strong visibility and access, with proximity to I 95, Floridas Turnpike, and major local arterials. Veterinary use represents a high barrier to replace asset class, given the extensive interior build outs typically required ($250$400/SF), enhancing tenant retention and occupancy stability. Financials available upon request.
Fully stabilized NNN leased medical office asset for sale in Deerfield Beach, Florida. The property is leased to MedVet, a nationally recognized veterinary operator with over 7,500+ referral partners across the U.S. This single tenant lease offers true passive income with no landlord obligations, making it a low maintenance investment suited for 1031 exchange buyers or investors targeting stable, long term yield backed by a national credit tenant.
The site offers strong visibility and access, with proximity to I 95, Floridas Turnpike, and major local arterials. Veterinary use represents a high barrier to replace asset class, given the extensive interior build outs typically required ($250$400/SF), enhancing tenant retention and occupancy stability. Financials available upon request.
Features
Building and Construction
Maximum Leasable Sqft: 4320
Typeof Building: Office Space, Office/Retail, Retail Space
Property Information
Transaction Type Mlx: Sale
Typeof Property: Commercial
Land Information
Lot Sq Footage: 2160
Subdivision Number: 20
Total Acreage: 0.0496
Finance and Tax Information
Net Operating Income: 118524
Tax Year: 2024
Other Features
Board Identifier: BeachesMLS
Country: United States
Geographic Area: N Broward Dixie Hwy To Turnpike (3411-3432;3531)
Legal Description: WEST DEERFIELD BEACH 42-41 B POR OF LOT 47 & 48 DESC AS:COMM NE COR LOT 33;S 711.25, W 5 TO POB CONT W 80, S 27, E 80, N 27 TO POB AKA: BLDG 7;U
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