Cape Coral Medical Office Investment
Description
This medical office investment in Cape Coral, FL offers a long-term NNN lease with strong financial performance and modern construction.
Investment Highlights
- Established Operator – The property is occupied by a strong regional ophthalmology operator with multiple locations across Florida, Georgia, and South Carolina, providing reliable tenancy.
- Long-Term Lease Stability – With more than nine years remaining on the lease, investors gain predictable and secure income.
- True NNN Lease Structure – The tenant covers all CAM, insurance, and tax obligations, making this medical office investment highly passive and attractive for remote owners.
- 3% Annual Rent Escalators – Above-average rent increases support income growth and help offset inflation.
- Attractive Depreciation Benefits – Bonus depreciation opportunities via cost segregation may provide notable tax advantages (verify with a CPA).
- Modern, High-Quality Construction – Built in 2020 with institutional-level finishes, the asset requires minimal near-term capital expenditures.
- Located in a Tax-Friendly State – Florida’s lack of personal income tax creates additional financial incentives for investors.
- Amortized CapEx Recovery – The lease allows reimbursement of amortized capital expenditures, enhancing long-term returns.
Address
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Address Cape Coral, FL
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Country United States
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Province/State Florida
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City/Town Cape Coral
Overview
- Property ID 14379
- Price $4,951,088
- Property Type Office
- Property status For sale
- Year Built 2020
- Size 9,244 SqFt
- Sub Type Medical Office
- Investment Type Net Lease
- Lease Type NNN
- Tenancy Single
- Lease Term 10 years
- Lease Commencement 02/14/2025
- Lease Expiration 03/31/2035
- Remaining Term 9.4 years
- Price per SqFt $535.60
- Cap Rate 6.25%
- NOI $309,433
- Buildings 1
- Lot Size (acres) 1.49
- Rent Bumps 3% Annual
- Broker Co-Op Yes
- Lease Options 3, 5-Year Options
- Ground Lease No
