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Investment Highlights

  • Single-tenant building
  • NNN Lease
  • ample parking
  • New Roof (2025)

Executive Summary

10616 Main Street is a 2,455 SF standalone medical office building in Thonotosassa, Florida, currently leased to WellMed through April 30, 2027. The property provides approximately $47,000 in annual NOI while allowing a future owner-user to secure control of a freestanding medical building in advance of possible occupancy.
Situated on a 0.46-acre parcel and zoned CN in Hillsborough County, the property may appeal to physicians, specialty practices, wellness users, and other medical or office operators seeking a future Tampa Bay location. Buyers should independently verify zoning and permitted uses through Hillsborough County.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,455 SF
Building Class
B
Year Built
1994
Price
$560,000
Price Per SF
$228.11
Cap Rate
8.38%
NOI
$46,930
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,455 SF
Building FAR
0.12
Lot Size
0.46 AC
Zoning
CN

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • Apr 2027

WellMed is a physician-led healthcare organization focused on delivering proactive and preventive primary care, primarily serving older adults. Founded in 1990, the group has grown from a single San Antonio clinic into a large network of clinicians providing coordinated medical services to senior populations. With an emphasis on chronic disease management and whole-patient wellness, WellMed offers services that include general primary care, disease management, palliative care, and specialty coordination. The organization’s care model is structured around prevention, long-term health planning, and patient education. Today, WellMed operates across Texas and Florida and supports more than one million older adults through thousands of affiliated providers, clinics, and care partners. As part of a broader health network, WellMed’s mission centers on helping patients stay healthy, reducing hospitalizations, and improving quality of life through consistent, comprehensive medical care.

Tenant Industry SF Occupied Rent/SF Lease End
Health Care and Social Assistance - - Apr 2027
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
U-10-28-20-ZZZ-000002-01520.0
Land Assessment
$100
Improvements Assessment
$467,200
Total Assessment
$467,300
  • Listing ID: 24505272

  • Date on Market: 11/17/2021

  • Last Updated:

  • Address: 10616 Main St, Thonotosassa, FL 33592

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