About this property
7,536 SF Medical Office Space - Leased to Humana's Conviva Care Center. Underwent a complete renovation in 2024, including new metal roof, plumbing, electrical, HVAC and sprinkler systems, with tenant improvements estimated at over $400/SF.
Located in one of Flagler County's most established commercial corridors, at the SW quadrant of I-95 and Palm Coast Parkway.
Humana's Conviva Care Center is an investment-grade healthcare tenant serving primarily patients aged 55 and older - a demographic that supports steady, recession-resistant demand.
The lease is structured as NNN and professionally managed by a third-party, offering a passive ownership structure with built-in annual rent escalations of 2% across the initial term and renewal options.
LOCATION OVERVIEW
Located at the corner of Cypress Point Parkway and Belle Terre Parkway, just off I-95 at Palm Coast Parkway.
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 7,536 sqft
- Zoning
- COM-2
- Year Built
- 2004
- N O I
- $219,900.48
- Cap Rate
- 5.79%
Documents 1 file
Last updated: Oct 1, 2026
Location
- Address
-
20 Cypress Point Parkway, Suite 1
Palm Coast, Florida 32164