Property details
Florida Single Tenant NNN Medical Office Building, Southeast Region
Property Description
Located in an Income Tax Free State! 
Florida Single Tenant NNN Medical Office Building
Absolute Triple Net (NNN) Lease.
Located in Central Florida.
Located within 2 miles of 3 major hospitals as well as numerous other specialists.
Medical Laboratory tenant with over $30,000,000 in annual sales.
Lease Term: 20-year lease with a substantial 18+ years remaining on the primary lease term.
Includes Very Attractive 3.00% Annual Rent Escalations.
Included and credited to the buyer is $433,275 in Security Deposits in Escrow.
The 20,032 Gross SF. building was completely renovated.
This strong tenant is a regional credit with locations in Florida, North Carolina and Virginia.
The Tenant has grown at an average rate of 65% per year for the last 11 years.
Recently acquired by a company (inquire as this is a very fluid acquisition so the details of this acquisition and how they will shake out are still TBD).
Images
Highlights
- Status:
- Available
- Price:
- $7,800,000
- PSF:
- $389
- Cap Rate:
- 5.72%
- Annual Rent:
- $446,273
- Rent Increases:
- Annual 3% escalators.
Property Information
- Building Size:
- 20,032 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Medical - Healthcare
- Units/Spaces:
- 1
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Single Tenant Medical Office Building - Offmarket Opportunity
- Lease Type:
- NNN
- Lease Commencement:
- 02/14/2016
- Lease Expiration:
- 03/31/2036
- Lease Term:
- 20 years
- Lease Remaining:
- 11.9 years
- Landlord Responsibilities:
- NNN - Absolutely NO Landlord Responsibilities
- Options:
- There are no options to renew. (the lease runs through 3/31/2036
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.