Naples Medical Office Investment
Description
This Naples Medical Office offers a strong net-lease healthcare investment in Naples, FL, supported by a multi-tenant medical group anchored by Eye Health America, a leading regional ophthalmology provider. The property spans 9,596 square feet and maintains 100% occupancy under NNN lease structures, with roughly 78% of the rentable area secured by a tenant with seven years remaining on the term. Built in 2004, the single-story building is positioned to deliver stable income supported by annual rental escalations of 3%, adding long-term value and inflation protection for investors.
Eye Health America serves as a high-performing anchor tenant, operating dozens of medical locations across multiple states and bringing strong operational credibility to this investment. Their commitment is reinforced through favorable lease terms, including responsibility for CAM, insurance, and taxes. With multi-tenant participation and well-structured renewals, the property offers excellent potential for ongoing tenant stability. Its medical orientation further enhances durability as healthcare assets continue to exhibit recession-resistant performance across growing Florida markets.
Located in one of Florida’s most desirable regions, the property benefits from Naples’ high-income demographics, robust medical demand, and rapidly expanding population. Within a five-mile radius, the population reaches over 162,000, supported by an average household income nearing six figures. Florida’s tax-friendly environment, including no personal income tax, adds to the appeal for resident and out-of-state investors seeking advantageous long-term returns. The opportunity also presents the potential for depreciation benefits through cost segregation analysis, pending CPA confirmation.
Additionally, Eye Health America’s lease provides for amortized capital expenditure reimbursements, offering further protection for ownership and increasing long-term value. Strong market fundamentals, committed tenant performance, and attractive lease structures combine to make this an exceptional healthcare investment in one of Florida’s premier cities.
Investment Highlights
High-Caliber Operator
- Anchored by a leading ophthalmology provider with 50+ locations
Long-Term Lease Structure
- Approximately 78% of rentable area leased to main tenant
- Seven years of remaining lease term
NNN Leases
- Tenants responsible for CAM, insurance, and taxes
- Ideal for passive or remote investors
Above-Market Rent Escalations
- 3% annual increases support inflation protection
Tax Advantages
- Potential bonus depreciation via cost segregation analysis
- Florida offers no personal income tax
Strong Market Fundamentals
- Naples features a five-mile population of 162k
- Average household income nearly $100k
CapEx Reimbursement Benefit
- Amortized capital expenditures reimbursed by anchor tenant
Address
Overview
- Property ID 14374
- Price $4,759,246.00
- Property Type Office
- Property status Sale
- Year Built 2004
- Size 9,596 SqFt
- Investment Type Net Lease
- Lease Type NNN
- Tenancy Multi
- Brand/Tenant Eye Health
- Remaining Term 7 years
- Price per SqFt $495.96
- Cap Rate 6.50%
- Occupancy 100%
- NOI $309,351
- Lot Size (acres) 1.38
- Rent Bumps 3% Annual
- Broker Co-Op Yes
- Lease Options Three, 5-Year Options & One, 5-Year Option
- Ground Lease No
