NNN Medical Office Building

  SOLD May 2023 for $1,025,000

501 S. Orange Street, New Smyrna Beach, Florida 32168


Documents
Building Size3,025 Square Feet
Land Size0.34 Acres
ZoningB-6, Medical Professional
Year Built2014
Parcel No7441-38-24-3070
Cap Rate6.0%

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.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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