Listed by Om Ventures - Tampa
$899,999
NNN Medical for Sale
Details
Property Type Office
Sub Type Medical Office
Square Footage 2,130
Cap Rate 5.77%
Occupancy 100%
Tenancy Single
Brand/Tenant OneHealth
Lease Type NNN
Lease Term 10
Lease Expiration 12/31/2031
Remaining Term 5.6
Rent Bumps Yes
Price per SqFt $423
Buildings 1
Stories 1
Acreage 0.330
Zoning CRS-1
Parking Spaces 7 per 1,000 sq ft
Lease Commencement 01/01/2022
Medical Investment Opportunity | 2,130 SF
Marketing description
Introducing NNN Medical for Sale in bustling St. Petersburg, FL! This high-performing medical office at 3520 38th Ave N offers a prime investment opportunity. Spanning 2,130 SF on a 0.33-acre lot, this property is attractively priced at $899,999, with a solid Cap Rate of 5.77% and an NOI of $51,948.10. Boasting a CRS-1 zoning, the potential is endless for this well-located gem. Take advantage of this chance to own a lucrative medical office space in a sought-after area. With attractive financial metrics and a solid lease in place, this investment promises both stability and growth potential. Don't miss out on this rare opportunity to add a high-performing asset to your portfolio. Reach out today for more details and to schedule a viewing.
Investment highlights
- 6 years of remaining term with two 5-year renewal options
- 3% annual rent bumps providing built-in income growth
- Corporate-backed medical tenant (Better Health Group, $1.2B+ in revenue)
- Established tenancy since 2016 with strong operational history
- Mission-critical primary care use—highly recession-resistant
- True NNN lease minimizing landlord responsibilities
- High parking ratio (7.5/1,000) supporting strong patient volumes
- Low tenant turnover risk due to long-term use and strategic location
Listing Contacts
Listed by Om Ventures - Tampa
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