For Sale
$2,566,014

425 Nursing Home DrArcadia, FL 34266

Fully Leased, High-Cap Rate Medical Building

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully leased, single-story medical office building totaling 7,873 square feet situated on one acre in Arcadia, Florida. Built in 2007, the Class B property boasts a strong 6.75% cap rate and a current NOI of $173,206. The property is 100% occupied by two tenants under a triple-net (NNN) lease with a remaining term of 5.8 years, commencing September 1, 2023, and expiring August 31, 2030. The lease includes three 3-year renewal options with 2% annual rent bumps. The building is zoned for professional use and benefits from excellent visibility adjacent to DeSoto Memorial Hospital. Minimal landlord responsibilities are included in the lease, covering only the roof and structure. The asking price is $2,566,014, translating to $325.93 per square foot. This is a rare opportunity to acquire a stable, high-performing medical office investment in a desirable location. The property features a single building with one unit. The APN is 30-37-25-0A00-1422-0000.

Highlights

  • 7,873 SF single-story medical office building on 1 acre in Arcadia, FL.
  • Built in 2007, Class B property with a 6.75% cap rate and $173,206 NOI.
  • Fully leased (100%) with two tenants under a NNN lease; 5.8 years remaining, expiring August 31, 2030, with three 3-year renewal options and 2% annual rent bumps.
  • Asking price: $2,566,014 ($325.93/SF); located adjacent to DeSoto Memorial Hospital.
  • APN: 30-37-25-0A00-1422-0000.

Property Details for 425 Nursing Home Dr

Property type
Office properties, Medical offices
Square Feet
7,873 SF
Class
B
Year Built
2007
Buildings
1
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Arcadia
County
Desoto
State
Florida
Latitude
27.228171264593
Longitude
-81.850752348308
425 Nursing Home Dr, Arcadia, Florida

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425 Nursing Home Dr
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