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Views: 63 DOM: 114 Updated: 11.22.24 Posted: 08.01.24 Status: Active

Summary

Price $1,961,766
Built/Renov 1974
Tenant Suncoast Specialty Surgery Center
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,844
Lease Start 12-01-2024
#Units 1
Price/SF $510.34
Expiration 12-31-2039
Tenant Type Medical/Health
NOI $142,228
R. Term 15.1
Ownership Fee Simple
Rent/SF $37.00
Increases 2.5%/1/yrs
Pop 5Mi 83,000
Lot/AC 0.68
Options 4/5yrs/2.5%
AHHI 5Mi $60,100

Lease Highlights

  • Brand new 15-year sale-leaseback with 4 (5-year) options to extend
  • The lease features 2.5% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Suncoast Specialty Surgery Center is strategically located on US Highway 19, with access from a substantial daily traffic count of 55,800 vehicles. The property is surrounded by well-known national tenants, including Walgreens, Denny’s, IHOP, Dollar Tree, Sam’s Club, and more. The 5-mile trade area supports a population of 83,000 residents with an average household income of $60,100. New Port...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Suncoast Specialty Surgery Center is an ambulatory surgery center providing various surgical services, including ophthalmology, orthopedics, and general surgery. The center is Medicare certified...


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Listing Broker

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