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Last updated on August 11th, 2026

Conviva | NNN Medical Office Investment

$3,798,000

20 Cypress Point Parkway, Suite 1, Palm Coast, Florida 32164


Building Size7,536 Square Feet
ZoningCOM-2
Year Built2004
Cap Rate5.79%
NOI$219,900.48

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.


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

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