For Sale
$625,000

961687 Gateway BlvdFernandina Beach, FL 32034

High-Yield Medical Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A medical office building presents a compelling investment opportunity in the thriving Fernandina Beach, Florida market. Located at 961687 Gateway Blvd, Suite 101K, 32034, this 1,627 square foot property is currently 100% occupied by Elase Med Spa under an absolute NNN lease expiring December 31, 2033, offering a substantial remaining lease term of 9.1 years. The property boasts a strong 6.77% cap rate and a Net Operating Income (NOI) of $42,302, representing a stable and attractive return on investment. The tenant, Elase Med Spa, commenced occupancy on July 14, 2023, demonstrating recent commitment to the location. This single-tenant stabilized investment offers a low-risk, high-reward opportunity for discerning investors seeking a consistent income stream in a desirable coastal Florida location. The property's prime location within Nassau County ensures high visibility and accessibility, further enhancing its investment potential. This is an exceptional opportunity to acquire a well-performing asset with a long-term lease and significant upside potential in a growing market. The asking price for this turnkey investment is $625,000.

Highlights

  • $625,000 Asking Price for a stabilized Class A medical office building.
  • Absolute NNN lease with Elase Med Spa (formerly Amara Med Spa) tenant.
  • 9.1 years remaining on the lease, expiring 12/31/2033.
  • 1,627 square feet, 100% occupied since July 14, 2023.
  • 6.77% Cap Rate with a $42,302 Net Operating Income (NOI).

Property Details for 961687 Gateway Blvd

Property type
Office properties, Medical offices
Square Feet
1,627 SF
Class
A

Location Insight

City
Fernandina Beach
County
Nassau
State
Florida
Latitude
30.6303918
Longitude
-81.4718159
961687 Gateway Blvd, Fernandina Beach, Florida

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961687 Gateway Blvd
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