601 Congress Ave Delray Beach, FL 33445

This exceptional investment opportunity presents a 2,329 square foot, Class B medical office condo located at 601 N. Congress Ave, Delray Beach, FL 33445. The property, built in 2004, features a single-tenant, triple-net (NNN) lease with a dental practice as the occupant. The current lease has 1.5 years remaining on a 5-year term, with three 5-year renewal options and 1.5% annual rent bumps. The property boasts 100% occupancy since January 20, 2020, generating a substantial net operating income (NOI) of $75,821, resulting in a compelling 5.41% cap rate at the asking price of $1,400,000 ($601.12 per square foot). The building is a tilt-wall construction with impact windows and includes 12 parking spaces. The interior features six operatories (five currently in use, one plumbed and ready), a full bathroom with shower, a breakroom/kitchen, and a dental lab with washer and dryer hookups. This prime location in the Congress Commerce Center offers excellent visibility at the corner of Congress Avenue and Lake Ida Road, with convenient access to I-95 and downtown Delray Beach. The surrounding area has a high population density (over 103,000 within a three-mile radius) and strong average household income (exceeding $74,000). This presents a low-maintenance, high-return investment with significant long-term potential.