Single Tenant NNN Medical Office For Sale
515 W. State Road 434, Longwood, Florida 32750
Sold: $1,200,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
4,368 sqft
Land Size
2.37 acres
Sewer
City
Water
City
Zoning
IMU
Electric
Duke
Year Built
1987
Floor
First floor Units 1080-1110
Parking
130
Renovated
2018
Construction
Masonry
Property Description
NNN National Credit Medical Tenant Lease
This 4368 sq ft Rentable, First Floor office is leased thru December 31, 2028. The tenant pays all expenses. The office is two combined units located on the first floor of a three story medical building adjacent to Orlando Health Hospital in Longwood.
The long term tenant, Optum Health, renovated the office in 2018 with over $100k in improvements. Optum Health is part of the United Health Group. This is the first office you see when you walk inthe building door! The tenant is currently in year five of a ten year lease. The lease is a true NNN.
Priced at a 7% CAP rate.
For additional info the non disclosure is attached.
