NNN Medical Office Building
501 S. Orange Street, New Smyrna Beach, Florida 32168
Sold: $1,025,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
3,025 sqft
Land Size
0.34 acres
Zoning
B-6, Medical Professional
Year Built
2014
Cap Rate
6.0%
Parcel No
7441-38-24-3070
Property Description
NNN Investment Property in desirable New Smyrna Beach.
- 3,025 SF freestanding medical office building.
- Sale/leaseback opportunity - Medical practice tenant with multiple Central FL locations.
- New 5 year NNN lease with renewals will be signed at closing.
- 6.0% cap rate year one with 3% annual increases.
- Functional medical floor plan; 4 exam rooms, 2 offices, 1 procedure room, 2 restrooms, large lobby, administration, breakroom, etc.
- Tenant has been operating out of this location since 2014.
- Freshly painted exterior and landscaping.
- An excellent addition to your real estate portfolio!
LOCATION OVERVIEW
Located just east of S. Dixie Freeway and south of Lytle Avenue/S Causeway.
Just one block to AdventHealth New Smyrna Beach and 0.5 miles to the Indian River.
Location
Contact
John W. Trost, CCIM
SVN | Alliance Commercial Real Estate Advisors