For Sale
$1,370,000

1800 17Th St Ocala, FL 34471

HCA Healthcare Net Lease, 6.75% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 5,139 square foot medical office building in Ocala, Florida, currently 100% occupied by HCA Florida Ocala Primary Care, a subsidiary of HCA Healthcare. The property boasts a newly signed, triple-net (NNN) lease with a prominent, credit-rated tenant, ensuring consistent cash flow. The lease commenced November 1, 2023, and has a remaining term of approximately 3.9 years, extending to October 31, 2028, with a single five-year renewal option. The annual rent escalates by 3%, providing built-in growth potential. The building, constructed in 1985 and classified as Class B, is situated at 1800 SE 17th St #100, Ocala, FL 34471, within a major medical corridor. The asking price is $1,370,000, representing a compelling cap rate of 6.75% based on a net operating income (NOI) of $92,502. The property's zoning is O-1, and the tenant has occupied the space since October 1, 2007. This investment offers stability and growth potential in a rapidly expanding market, with Ocala experiencing significant population growth. The seller is escrowing $92,502 to ensure tenant renewal for an additional five years in 2028. This is a rare opportunity to acquire a high-quality, net-leased medical office building in a prime location.

Highlights

  • Recently extended 5-year triple-net lease.
  • Seller escrowed $92,502 for tenant's 5-year renewal option in 2028.
  • 3% annual rent escalations.
  • Medical office building offers recession-resistant investment.
  • Ocala, FL is a rapidly growing market.
  • Tenant occupied since 2007.

Property Details for 1800 17Th St

Property type
Office properties, Medical offices
Square Feet
5,139 SF
Class
B
Year Built
1985

Location Insight

City
Ocala
County
Marion
State
Florida
Latitude
29.1710984
Longitude
-82.1136987

FAQs

What type of property is this?
Office property - HCA Healthcare Net Lease, 6.75% Cap Rate
Where is the office property located?
The property is located at 1800 17Th St Ocala, FL.
What is the asking price?
The asking price for this property is $1,370,000.
What are key features of this property?
This property features: Recently extended 5-year triple-net lease.; Seller escrowed $92,502 for tenant's 5-year renewal option 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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1800 17Th St
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