1400 Main St Bells Mill, FL 32428
High-yield, 10+ year lease, medical office.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- $1,485,650 asking price for a 4,205 SF medical office building in Chipley, FL.
- Net lease with a corporate guarantee, offering a passive income stream.
- 7.50% cap rate with a 9.9-year remaining lease term (15-year initial term, expiring 09/30/2034).
- 2% annual rent bumps provide consistent income growth.
- Located in a high-traffic area near major retailers and Northwest Florida Community Hospital.
- Strong tenant in a growing healthcare market in the Florida Panhandle.
Property Details for 1400 Main St
- Property type
- Retail properties, Office properties
- Square Feet
- 4,205 SF
- Year Built
- 2009
- Stories
- 1
- Lot Size (sq. ft)
- 31,799 SF
Location Insight
- City
- Bells Mill
- County
- Washington
- State
- Florida
- Latitude
- 30.6823987
- Longitude
- -85.56121
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield, 10+ year lease, medical office.
- Where is the retail property located?
- The property is located at 1400 Main St Bells Mill, FL.
- What is the asking price?
- The asking price for this property is $1,485,650.
- What are key features of this property?
- This property features: $1,485,650 asking price for a 4,205 SF medical office building in Chipley, FL.; Net lease with a corporate guarantee, offering a passive income stream.; 7.50% cap rate with a 9.9-year remaining lease term (15-year initial term, expiring 09/30/2034).
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