For Sale
$2,078,326

5900 John Young PkwyOrlando, FL 32839

High-yield medical office, 8.6% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 5,600 square foot Class A medical office building in Orlando, FL, currently 100% occupied by PM Pediatric Urgent Care, a leading national provider. Located at 5900 S John Young Pkwy, 32839, this single-story building sits on a 0.78-acre lot and boasts a strong 8.60% cap rate with a Net Operating Income (NOI) of $178,736. Built in 2009, the property features a Light Commercial Land Use zoning designation and benefits from a lease with a remaining term of approximately 2.2 years, expiring January 31, 2027, with 3% annual rent bumps. The asking price is $2,078,326, translating to $371 per square foot. The lease commenced January 31, 2022, and includes options for one- to three-year extensions. This property is ideally situated in a dense residential area with over 265,000 residents within a five-mile radius, benefiting from Orlando's rapid population growth. The tenant, PM Pediatric Urgent Care, is a financially stable national operator with significant backing, further enhancing the investment's security and long-term potential. This is a 1031 exchange eligible property. The property is zoned for Light Commercial Land Use.

Highlights

  • PM Pediatric Urgent Care, a leading national pediatric urgent care provider with nearly 90 locations, occupies the entire building.
  • The tenant recently secured $50 million in Series E funding, adding to its over $140 million in total funding.
  • The pediatric market is a growing billion-dollar industry, projected to expand significantly in the coming years.
  • The property's location in a dense residential area with 265,000 residents within a five-mile radius ensures high patient traffic.
  • Orlando's rapid population growth, adding approximately 1,000 residents weekly, enhances the property's long-term value.
  • This established practice location, acquired by PM Pediatric Urgent Care in summer 2024, benefits from over 10 years of successful operation.

Property Details for 5900 John Young Pkwy

Property type
Retail properties, Office properties
Square Feet
5,600 SF
Class
A
Year Built
2009
Buildings
1
Stories
1
Lot Size (sq. ft)
33,977 SF

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.473205312449
Longitude
-81.417861572824
5900 John Young Pkwy, Orlando, Florida

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5900 John Young Pkwy
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