This exceptional investment opportunity presents a single-tenant, 6,453-square-foot medical office building in The Villages, Florida. The property, built in 2022, is 100% occupied by DaVita, Inc., under a 15-year net lease (NN) with three 5-year renewal options. The lease commenced March 1, 2023, and includes a 10% rent increase every five years, providing significant long-term growth potential. The building boasts a strong credit-rated corporate guarantee from DaVita, a leading operator in the kidney care industry. Situated on a 0.18-acre lot with 16 parking spaces, the property benefits from its location within the Creekside Medical Center, near major retail in The Villages, a thriving retirement community with a high average household income exceeding $89,000 annually. The property offers a 6.75% cap rate and a substantial net operating income (NOI) of $206,109. The asking price is $3,053,464, translating to $473.19 per square foot. The ground lease has an expiration date of April 18, 2022, but the leasehold interest provides 99 years of control to the future owner. This is a passive investment opportunity in a growing industry, located in a strong demographic area, and offering substantial long-term income potential. The property's location within a dense retail corridor and its proximity to Orlando, the third most visited metro area in the U.S., further enhances its investment appeal. This is a rare opportunity to acquire a high-quality, single-tenant medical office building with a long-term lease and significant upside potential.
Highlights
Dense Retail Corridor in The Villages Market Square, Lake Sumter Landing.
Leading operator, DaVita, Inc., with a strong S&P BB rating and $12.14B in revenue.
Investment in a growing industry, insulated from macroeconomic changes.
Located in Florida, an income tax-free state.
15-year net lease with three 5-year options.
Proximity to Orlando, the third most visited metro area in the U.S.
The property is located at 1050 Old Camp Rd The Villages, FL.
What is the asking price?
The asking price for this property is $3,053,464.
What are key features of this property?
This property features: Dense Retail Corridor in The Villages Market Square, Lake Sumter Landing.; Leading operator, DaVita, Inc., with a strong S&P BB rating and $12.14B in revenue.; Investment in a growing industry, insulated from macroeconomic changes.
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Contacts
Scott Briggs
Kelly Largent
Jake Schooley
David Read
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Old Camp Rd The Villages, FL 32162
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Old Camp Rd The Villages, FL 32162
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1050 Old Camp Rd
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