For Sale
$2,500,000

2010 Nightingale LnTavares, FL 32778

Fully Leased, High-Demand Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 10,697 square foot Class B medical office building presents a compelling investment opportunity in Tavares, Florida. Located at 2010 Nightingale Ln, this single-tenant, 100% occupied property boasts a strong 4.88% cap rate and a substantial net operating income (NOI) of $122,109. The building, constructed in 2003, features four offices, eight exam rooms, a spacious waiting area, and dedicated X-Ray and imaging facilities. Additional amenities include a separate employee entrance, break room, doctor's office with shower, nurses' counter, and private/public restrooms. The property sits on a 1.48-acre lot zoned C-1, offering excellent visibility and accessibility from Highway 441. Ample parking is available, and the building benefits from its prime location directly across from AdventHealth Waterman Hospital, ensuring convenient access for patients and staff. The current tenant, a credit-rated entity, is under a triple net (NNN) lease, minimizing landlord responsibilities. This stabilized investment offers a compelling opportunity for owner-users or investors seeking a high-performing medical office asset in a thriving market. The building's strategic location and strong tenant occupancy make it an attractive prospect for long-term growth and return on investment. The asking price is $2,500,000, translating to $233.71 per square foot.

Highlights

  • Excellent owner-user opportunity in a Lake County medical office building, directly across from Waterman Hospital.
  • Florida Oncology, a long-term tenant, occupies approximately half the building, providing stable income.
  • Remaining space available for owner-occupancy in the desirable Tavares market.

Property Details for 2010 Nightingale Ln

Property type
Office properties, Medical offices
Square Feet
10,697 SF
Class
B
Year Built
2003
Lot Size (sq. ft)
64,469 SF
Units
1

Location Insight

City
Tavares
County
Lake
State
Florida
Latitude
28.821361704727
Longitude
-81.715096997746
2010 Nightingale Ln, Tavares, Florida

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2010 Nightingale Ln
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