For Sale
$3,178,000

2415 17Th St Ocala, FL 34471

HCA-Leased, 6.75% Cap Rate, NNN

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a 11,570-square-foot medical office building in Ocala, Florida, fully occupied by Ocala Health Primary Care, a subsidiary of HCA Healthcare. The property boasts a newly signed, five-year triple-net (NNN) lease with a credit-rated tenant, ensuring consistent cash flow. The lease includes attractive 3% annual rent escalations, mitigating inflation risks. Built in 1996, this single-story Class B building sits on a 1.63-acre lot and offers ample parking with 50 spaces. The property's prime location within Ocala's major medical corridor provides exceptional visibility and accessibility. With a 6.75% cap rate and a strong NOI of $214,507, this investment offers significant returns. The tenant, HCA, has occupied the building since October 1, 2007, demonstrating long-term commitment to the location. The lease expires November 30, 2028, providing a secure investment horizon. Ocala's rapid population growth, currently among the fastest in the nation, further enhances the property's long-term value. This is a rare opportunity to acquire a stable, high-performing medical office building in a thriving market. The permitted zoning is for office use.

Highlights

  • Recently extended 5-year triple-net (NNN) lease.
  • Seller escrowed $214,507.80 to ensure tenant renewal in 2028.
  • 3% annual rent escalations.
  • Recession-resistant medical office building.
  • Located in Ocala, FL, one of the nation's fastest-growing markets.
  • Tenant occupied since 2007.

Property Details for 2415 17Th St

Property type
Office properties, Medical offices
Square Feet
11,570 SF
Class
B
Year Built
1996
Buildings
1
Stories
1
Lot Size (sq. ft)
71,003 SF

Location Insight

City
Ocala
County
Marion
State
Florida
Latitude
29.1720018
Longitude
-82.10492

FAQs

What type of property is this?
Office property - HCA-Leased, 6.75% Cap Rate, NNN
Where is the office property located?
The property is located at 2415 17Th St Ocala, FL.
What is the asking price?
The asking price for this property is $3,178,000.
What are key features of this property?
This property features: Recently extended 5-year triple-net (NNN) lease.; Seller escrowed $214,507.80 to ensure tenant renewal in 2028.; 3% annual rent escalations.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2415 17Th St
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