Conviva | NNN Medical Office Investment
$3,798,000
20 Cypress Point Parkway, Suite 1, Palm Coast, FL 32164
7,536 sqft
Building Size
100
Occupancy
Details:
Highlights:
- 7,536 SF medical office leased to Humana Conviva Care Center
- Fully renovated in 2024 with significant capital improvements
- Prime location at I-95 & Palm Coast Parkway
- Investment-grade healthcare tenant serving the 55+ population
- NNN lease with 2% annual rent increases
Description:
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.
Located at the corner of Cypress Point Parkway and Belle Terre Parkway, just off I-95 at Palm Coast Parkway.
Documents:
| Title | ||
|---|---|---|
| 20_Cypress_Point_Parkway_Flyer.pdf |
Location
Gallery
