Asset Type: Real Estate
Estate: Fee Simple
Year Built: 2008
Land Area: 0.18 Acres
Property Size: 8,046 SF
Property Type: Office
Occupancy %: 100
Year Renovated: 2014
Number of Units: 1
Investment Highlights
- Radiation Oncology center in award-winning Lakewood Ranch community, just minutes from massive UTC Mall shopping area.
- True NNN Lease – No landlord responsibilities
- 6.5 % Cap Rate
- Large regional Tenant, newer to the building, investing for the long-term
- Well-Maintained Building with many Tenant improvements under way and ample parking.
- Prime Location – Just 1.6 miles from Lakewood Ranch Medical Center
NNN Single Tenant Medical Office Investment Opportunity
Located in Lakewood Ranch, Florida, this property presents an exceptional medical office investment opportunity.
The Radiation Oncology Center features a true NNN lease structure with monthly rent of $37,784.91, providing stable income with no landlord responsibilities. The occupying tenant is responsible for a portion of the building maintenance, while the condominium association maintains the remaining common areas. The property is offered at a 6.5% cap rate, generating $453,418.88 in annual NOI, with annual CPI rent increases built into the lease structure.
The current tenant, Advocate Radiation Oncology, has two years remaining on the existing lease term along with a five-year renewal option. The tenant has invested and continues to invest significant capital improvements into the space, demonstrating a strong commitment to long-term occupancy.
The building is well maintained and features an attractive architectural design, including a charming courtyard area between the two buildings accented by elegant columns. The interior includes a welcoming waiting room, multiple exam rooms, private offices, and a dedicated CT scan room and two radiation vaults designed to support specialized medical services.
Strategically located just 1.6 miles from Lakewood Ranch Medical Center, the property benefits from proximity to a major healthcare hub, supporting continued referral opportunities, collaboration with nearby providers, and sustained patient demand for the tenant.
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