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31299492
31299493

6850 International Center Blvd, Fort Myers, FL 33912 For Sale

SK
FL FL SL3508957
Marcus & Millichap - Orlando
CB
Fl SL3424071
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando
$3,100,015
118 days on market
Updated 112 days ago

Southwest Florida Eye Care

Details
Property Type Office
Sub Type Medical Office
Square Footage 7,200
Units 1
Cap Rate 5.75%
NOI $178,250
Occupancy 100%
Tenancy Single
Brand/Tenant Southwest Florida Eye Care
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 11/23/2031
Remaining Term 5.3
Rent Bumps Yes
Lease Options (2) 5 Year Options
Price per SqFt $431
Year Built 2011
Buildings 1
Acreage 2.310
Investment Type Net Lease
Lease Commencement 11/24/2021
Occupancy Date 11/24/2021

Office | 5.75% CAP | 7,200 SqFt

Investment highlights

Stable Remaining Term with Annual Growth

Lease Features 3% Annual Rental Increases Throughout Term

Absolute Triple Net Lease Structure

Tenant Fully Responsible for All Expenses Relating to the Property with Ability to Collect Reimbursement for Management

Purpose Designed Construction

Designed and Constructed by Southwest Florida Eye Care to Accommodate their Specific Needs

Significant Growth within Eye Care

The Eye Care Industry is Experiencing Robust Growth, with U.S. Market Value Projected to Reach $33.40

Billion by 2028 Growth is Driven by an Aging Population, Increased Digital Screen Usage, and High Demand for Specialized Services

1 Mile Away from Lee Gulf Coast Hospital

As the Largest Hospital in the Lee Health System, Gulf Coast Medical Center Houses a Level II Trauma Center, the Neuroscience Institute, Orthopedic, Oncology and Cardiology Services, and Much More

An Accredited, Comprehensive Stroke Center Features

Minimally Invasive Catheter Procedures to Treat Stroke Patients

Since 2017, Gulf Coast Medical Center has Undergone an Extensive Expansion, Adding Three Stories and 268 Patient Beds, Including Additional ICU Beds and an Inpatient Unit for Cancer Care

Rapid Growth in the Fort Myers MSA

Sustained Growth Rate: The City of Fort Myers has Seen its Population Increase by Roughly 16.7% Since the 2020 Census, with Current Annual Growth Estimated at Approximately 3.06%

National Ranking: Lee County, Which Makes up the Fort Myers MSA, has Recently Ranked as the Ninth Fastest Growing County in the United States, Driven Largely by High Rates of Inbound Migration

Future Projections: Local Planners Expect the City’s Population to Surpass 115,000 Residents by 2030,

Necessitating Major Infrastructure Projects Such as New Healthcare Facilities and Expanded Transportation Hubs to Keep Pace

Listing Contacts

SK
FL FL SL3508957
Marcus & Millichap - Orlando
CB
Fl SL3424071
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$178,250.00
$14,854.17/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Spencer Koch
License
FL SL3508957
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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