NNN Single Tenant Medical Office Investment Opportunity

Investment Overview

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 $38,918.45, 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 7.25% cap rate, generating $467,021.45 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.

Investment Highlights

• Radiation Oncology center in award-winning Lakewood Ranch community, just minutes from massive UTC Mall shopping area.
• True NNN Lease – No landlord responsibilities
• Current term through August 2028 with 5-Year Renewal Option
• Large regional Tenant, newer to the building, investing for the long-term
• Well-Maintained Building with many Tenant improvements under way and ample parking.
• Prime Location – Just 1.6 miles from Lakewood Ranch Medical Center