NNN Single Tenant Medical Office Investment Opportunity

Highlights:

• Single Tenant Radiation Oncology Center with 2 Vaults
• True NNN Lease – No landlord responsibilities
• 6% Cap Rate
• Large regional Tenant, newer to the building, investing for the long-term
• Well-Maintained Building with many Tenant improvements under way and ample parking.
• Prime Location – Just 1.6 miles from Lakewood Ranch Medical Center

Description:

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.

This incredible investment opportunity is ideally located in the master-planned community of Lakewood Ranch, Florida, just north of the University Parkway.

Lakewood Ranch spans more than 33,000 acres across Sarasota and Manatee Counties and is home to over 74,000 residents. The community features more than 2,600 jobs, 300+ shops, over 150 miles of trails, numerous parks, Lakewood Ranch Medical Center, a golf and country club, and a wide range of amenities. Known for its upscale, family-friendly lifestyle and walkable Main Street, Lakewood Ranch has been ranked the #1 multi-generational community in the United States since 2018.

Just outside of Lakewood Ranch on University Parkway is University Town Center, a 4-million-square-foot shopping, dining, and entertainment destination that attracts millions of visitors each year. University Town Center includes several retail districts such as The Mall at UTC, Shoppes at University Town Center, The Square at UTC, and The Market at UTC. The area is also home to the renowned Nathan Benderson Park, a 600-acre park used for rowing, paddling, and dragon boat racing. The park regularly hosts major events including the USRowing Youth National Championships, NCAA Rowing Championships, and Olympic Team Trials. Within Nathan Benderson Park is Mote Sea at UTC, a massive 146,000 square foot aquarium and marine education center.

The University Parkway and Lakewood Ranch corridor spans both Sarasota and Manatee Counties, which are experiencing strong population growth, averaging approximately 1.7% annually. Manatee County is consistently ranked among the fastest-growing counties in Florida, attracting many seniors and retirees. Sarasota and Manatee Counties also have some of the fastest-aging populations in the state, with more than 50% of Sarasota County residents aged 50 or older and a median age of 57.6.

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