1029 Sarno, Melbourne, FL 32935

List Price

Property Description

A Medical Office Building leased to a stable tenant. Exceptional location containing 0.54 acres with 260 front feet of direct exposure on Sarno Rd. 2016 AADT was 15,220. This is a well maintained free standing CBS building that has been operated by the current owner as a veterinary hospital since 2004. Sale Includes Building & Land. Zoning RP Professional, Land Use MIX. Currently subject to a 5-year Modified Net lease at $4,100 per month terminating August 8, 2022, with a 5-year renewal option. There are minimal landlord responsibilities associated with the subject property. The tenant is responsible for taxes, insurance, utilities & building maintenance. The landlord is responsible for capital repair, replacement of the roof & structure. Cap Rate 6.5%.

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Listing courtesy of Premier Properties Real Estate.