Courtesy of: Lily Behrends, RE/MAX ALLIANCE GROUP, buywithlily@gmail.com
Courtesy of: Lily Behrends, RE/MAX ALLIANCE GROUP, buywithlily@gmail.com
$1,000,000
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3,171 square feet
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Lot: 0.60 Acres
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Office
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$1,000,000
506 4TH Avenue W 506 4th Ave W, Palmetto | Leased Medical Office $1, 000, 000 . 3, 171 SF . NOI $59, 556Fully leased, single-tenant medical office occupied by Millennium Medical on a NNN lease with annual rent escalations and two 2-year renewal options - a passive, inflation-hedged income stream with no landlord responsibility for taxes, insurance, or maintenance. The purpose-built medical layout includes seven exam rooms, three private physician offices, a dedicated lab, and a staff kitchen/lounge. Three new HVAC systems were recently installed, eliminating the largest near-term capital expense a buyer would otherwise face. At $315/SF with in-place NNN rent of $18.78/SF, the property offers durable cash flow with built-in growth in Palmetto's expanding Manatee County medical corridor.
Courtesy of: Lily Behrends, RE/MAX ALLIANCE GROUP, buywithlily@gmail.com
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