16159 Myriad LnFort Myers, FL 33908

Property Details for 16159 Myriad Ln

Year built

2020

Lot size

0.30 AC

Property size (Sq ft)

4,200 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This exceptional investment opportunity presents a fee-simple, single-tenant medical office building in Fort Myers, Florida. The 4,200 square-foot property, built in 2020, is 100% occupied by Heartland Dental under a corporate-guaranteed, net-lease agreement with 5.3 years remaining on the initial 10-year term. The lease includes three five-year renewal options and features 10% rent increases every five years. The property boasts a strong 6.20% cap rate, generating a net operating income (NOI) of $173,250 annually, with a price per square foot of $665.32. Situated on a 0.3-acre lot at 16159 Myriad Ln, Fort Myers, FL 33908, this location benefits from its proximity to numerous residential developments, including several apartment complexes and new home communities. Nearby educational institutions include Florida Southwestern State College and Florida Gulf Coast University, and several shopping centers are within easy reach. This is a prime investment opportunity in a thriving Florida market, offering stability and significant long-term potential. The property is a single-story building with excellent visibility and access. The tenant, Heartland Dental, is a large, established dental practice with a strong national presence. This offering provides a secure, passive income stream in a desirable location.

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.4951

Longitude

-81.9328

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