8946 77TH TER E, LAKEWOOD RANCH, FL, 34202
$7,545,000
Commercial Sale
Living Area
8,046 Sqft
Lot Size
8,046 Sqft
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 $37,784.91, 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 6% cap rate, generating $453,418.88 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.
Property Details
Property Features Property Features
MLS ID: MFRA4688412 Year Built: 2009
Construction Materials: Stucco Cooling: Central Air
Country: US County Or Parish: Manatee
Foundation Details: Slab Listing Agreement: Exclusive Right To Sell
Property Condition: Completed Property Sub Type: Office
Property Type: Commercial Sale Road Frontage Type: City Street
Road Surface Type: Asphalt Showing Requirements: Call Listing Agent
Special Listing Conditions: None Standard Status: Active
State Or Province: FL
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