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MainStreet Family Care 1702 Ohio Ave N 3,200 SF Office Building Live Oak, FL 32064 $2,290,000 ($715.63/SF) 5.23% Cap Rate
EXECUTIVE SUMMARY
MainStreet Urgent Care was recently built in 2023
14 Years Remain on Triple Net Lease with Zero Landlord Responsibilities
10% rent increases every five years during the base term and options
The Lease is guaranteed by Rural Urgent Care, LLC, the parent entity of the +60-unit network doing business as MainStreet Urgent Care
Live Oak is a well-positioned, northern Florida market equidistant from both Tallahassee and Jacksonville, FL
14 Years Remain on Triple Net Lease with Zero Landlord Responsibilities
10% rent increases every five years during the base term and options
The Lease is guaranteed by Rural Urgent Care, LLC, the parent entity of the +60-unit network doing business as MainStreet Urgent Care
Live Oak is a well-positioned, northern Florida market equidistant from both Tallahassee and Jacksonville, FL
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,200 SF
Building Class
B
Year Built
2023
Price
$2,290,000
Price Per SF
$715.63
Cap Rate
5.23%
NOI
$119,820
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,200 SF
Building FAR
0.07
Lot Size
1.12 AC
Zoning
MIXED USE - Mixed Use
Parking
24 Spaces (7.5 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- MainStreet Urgent Care
- Health Care and Social Assistance
- 3,200 SF
- $37.44
- Triple Net
- May 2038
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| MainStreet Urgent Care | Health Care and Social Assistance | 3,200 SF | $37.44 | Triple Net | May 2038 |
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PROPERTY TAXES
| Parcel Number | 13-02S-13E-04969-101050 | Improvements Assessment | $761,928 |
| Land Assessment | $241,755 | Total Assessment | $1,003,683 |
PROPERTY TAXES
Parcel Number
13-02S-13E-04969-101050
Land Assessment
$241,755
Improvements Assessment
$761,928
Total Assessment
$1,003,683
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MainStreet Family Care | 1702 Ohio Ave N
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