St. Cloud Medical Office Investment
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
Overview
- Property ID 14388
- Price $7,743,725.00
- Property Type Office
- Property status Sale
- 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
