554 FL-85, Niceville, FL 32578

THE ASSET: The Property is improved by a single-story, 10,118 square foot medical building constructed in 1995 and renovated in 2024, on a 1.06-acre parcel. The building contains two units, an 8,318 square-foot anchor space and an 1,800 square foot space. Anchor tenant North Florida Surgeons-Orthopedic Associates will be vacating February 2026, while the other space is leased to GenesisCare through July 2026, whose lease features attractive 2.5% annual rental increases. The Property benefits from outstanding visibility and frontage along Highway 85 N, with multiple access points, prominent signage and ample parking.

REPOSITIONING OPPORTUNITY: 554 Highway 85 N benefits from being directly on the campus of HCA Florida Twin Cities Hospital, providing for an excellent opportunity for a medical user in the large anchor space. The Property is ideal for an owner-user looking for an attractive space in a proven medical area that offers direct synergy with the hospital. The vacant space could also be leased up for an immediate value-add opportunity.

ZONING: The Property is zoned C-1 (Limited Commercial), a flexible and desirable designation in Niceville. The C-1 zoning district is intended to accommodate a mixture of predominantly offices and low-intensity retail commercial uses, along with limited medium-density residential development at a maximum of fifteen units per acre. Development within C-1 is guided by standards that ensure connectivity with adjacent properties along arterial and major collector roadways, pedestrian accessibility to surrounding neighborhoods, and parking lot design compatible with the lower-intensity character of the district. This designation makes the Property well-suited for medical offices, professional services, and other neighborhood-serving commercial uses.

STRATEGIC LOCATION: The medical office building is strategically located along Highway 85 in Niceville. The Property is directly adjacent to HCA Florida Twin Cities Hospital and is surrounded by other medical and professional offices, retail amenities, and restaurants. Highway 85 is the primary north–south commercial and commuter corridor in the immediate area and offers direct access to John Sims Parkway (State Route 20) less than 1 mile away. John Sims Parkway is the main east-west commercial thoroughfare in Niceville and provides convenient access to Destin, Fort Walton Beach, and surrounding communities.

TWIN CITIES HOSPITAL: HCA Florida Twin Cities Hospital is a for-profit, community-focused acute care facility in Niceville, Florida, and part of the HCA Florida network, one of the largest healthcare systems in the state. Licensed for 65 private rooms, the hospital employs about 330 staff, including 87 physicians, and serves patients from Okaloosa County and surrounding areas. Opened in 1980 as Niceville-Valparaiso Hospital with 46 beds, it has grown into a full-service medical center offering 24-hour emergency care, critical care, surgical services, and comprehensive diagnostics. Notable distinctions include its Certified Orthopedic Joint Replacement and Spine Surgery programs, both awarded the Gold Seal of Approval from The Joint Commission, and designation as an Acute Stroke Ready Hospital. Twin Cities Hospital also holds American College of Radiology accreditations in multiple imaging specialties and has been recognized as a Top Performer on Key Quality Measures for its commitment to high-quality, patient-centered care.

DEMOGRAPHICS: Approximately 29,000 people within 5 miles of the Property with an average household income of $134,745.

TRADE AREA: Additional businesses and retailers driving traffic to the Niceville trade area include HCA Florida Twin Cities Hospital, Walmart Supercenter, Aldi, Grocery Outlet, Ross Dress for Less, bealls, Ollie’s Bargain Outlet, Petsense, Sherwin-Williams, CVS, McDonald’s, Chick-fil-A, Wendy’s, Dollar Tree, Goodyear, O’Reilly Auto Parts, Regions Bank, Pep Boys, Niceville Farmers Market, PNC Bank, 7 Brew Coffee, Panda Express, Starbucks, Publix, AutoZone, the Destin-Fort Walton Beach Airport, and many others.