St. Cloud Medical Office Investment

$7,743,725.00
Sale
14388 Property ID
23,654 SqFt Size

Description

This medical office investment in St. Cloud, FL offers a long-term NNN lease with minimal landlord responsibilities, strong corporate backing, and consistent income growth.

Investment Highlights

  • Tenant: Senior-focused primary care operator with a corporate guarantee
  • Lease Type: NNN leased, fee simple ownership
  • Annual Rent Increases: 2.5%
  • Roof replaced: 2020
  • Affluent surrounding neighborhood with strong demographics supporting medical office use
  • Located in a no-income-tax state

Operational Strength

  • Corporate guarantee ensures stable performance and long-term lease security
  • Operates multiple centers across several states, providing diversification and reliability
  • Low landlord responsibilities reduce operational burden and provide passive income

Financial and Location Advantages

  • NNN lease structure minimizes property management obligations
  • Predictable, steady rent growth with built-in annual escalations
  • Situated in a prime location with strong local population supporting medical use
  • Modern property condition minimizes near-term capital expenditures

Address

  • Address St. Cloud, FL
  • Country United States
  • Province/State
  • City/Town
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Overview

  • Property ID 14388
  • Price $7,743,725.00
  • Property Type
  • Property status
  • Year Built 2008
  • Size 23,654 SqFt
  • Sub Type Medical Office
  • Lease Type NNN
  • Tenant Credit Corporate Guarantee
  • Tenancy Single
  • Lease Expiration 07/31/2032
  • Remaining Term 6.7 years
  • Price per SqFt $327
  • Cap Rate 6.25%
  • Occupancy 100%
  • NOI $483,983
  • Lot Size (acres) 2.47
  • Rent Bumps 2.5% Annually
  • Broker Co-Op Yes
  • Lease Options Two, 5-Year Options

Contact

Cynthia Hill

Property Agent

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