8946 77TH TERRACE E, Lakewood Ranch, FL, 34202
2009
8,046 sqft
Located in Lakewood Ranch, Florida, this property presents an exceptional medical office investment opportunity. The Radiation Oncology Center features a true NNN lease structure with monthly rent of $37,784.91, providing stable income with no landlord responsibilities. The occupying tenant is responsible for a portion of the building maintenance, while the condominium association maintains the remaining common areas. The property is offered at a 6% cap rate, generating $453,418.88 in annual NOI, with annual CPI rent increases built into the lease structure. The current tenant, Advocate Radiation Oncology, has two years remaining on the existing lease term along with a five-year renewal option. The tenant has invested and continues to invest significant capital improvements into the space, demonstrating a strong commitment to long-term occupancy. The building is well maintained and features an attractive architectural design, including a charming courtyard area between the two buildings accented by elegant columns. The interior includes a welcoming waiting room, multiple exam rooms, private offices, and a dedicated CT scan room and two radiation vaults designed to support specialized medical services. Strategically located just 1.6 miles from Lakewood Ranch Medical Center, the property benefits from proximity to a major healthcare hub, supporting continued referral opportunities, collaboration with nearby providers, and sustained patient demand for the tenant.
Status:
Active
Type:
Commercial
Complex:
PROFESSIONAL CENTER AT LAKEWOOD R 8, 9&10
Cooling:
Central Air
Acreage:
0.18
Est. Taxes:
$23,562
Construction
Stucco
Days on Market:
13
MLS #:
A4688412
Community Info
School Info
Walk Score
Yelp
Listing courtesy of SVN COMMERCIAL ADVISORY GROUP 941-387-1200