Ternion Medical Office
100% leased with 10 year NNN leases and value-add component
Marketing description
Ternion Medical Office is a multiple parcel assemblage consisting of a high-quality medical office asset constructed in 2025 and an adjoining development site. There is substantial in-place, stabilized NNN income and attractive development conditions including a tenant-in-tow and other meaningful tenant demand that is unmet in the immediate market.
This high income, high growth submarket of Palm Beach County is located at the first signalized intersection west of the Florida Turnpike interchange and in the path of growth towards Wellington. Localized activity is marked by household brand names such as Cleveland Clinic, Tesla, Aldi, Chipotle, Publix, MD Now, Starbucks, Pulte, Lennar and more.
Ternion is one of those rare opportunities where an obvious development potential can be supported and leveraged by existing cash flow and leasing success.
Ternion is a long term store of value that is perfect for today’s environment of problematic inflationary conditions.
Investment highlights
Median Household Income - 1 mile - $139,361
46,500 vehicles per day on Lake Worth Road
Built in 2025
Going-in cap rate - 5.31%, year 4 - 8.64%
Drone video link on page 13 of OM
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