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NNN Medical Office - Humana 20 Cypress Point Pky 11,756 SF 100% Leased Retail Building Palm Coast, FL 32164 $6,382,350 ($542.90/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 2024 Full Renovation – New Metal Roof, Plumbing, Electrical Systems, and Landscaping
- One of Fastest Growing Cities in FL – Double Digit Population Growth
- Healthcare Hub – Anchored by AdventHealth Palm Coast & $145M AdventHealth Parkway Expansion (Opened 2023)
- Prime Retail Corridor – Walmart, Target, Publix, Lowe’s, Starbucks Nearby
- Strong Demographics – 90k+ Pop. & $109k HHI (5 mile)
- Ample Parking – 54+ Spaces
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,756 SF
Building Class
B
Year Built
2004
Price
$6,382,350
Price Per SF
$542.90
Cap Rate
5.50%
NOI
$351,029
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.31 AC
Zoning
C - Office/Retail
Parking
54 Spaces (4.59 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-11-31-7025-000C0-0130 | Improvements Assessment | $873,336 |
| Land Assessment | $668,552 | Total Assessment | $1,541,888 |
PROPERTY TAXES
Parcel Number
07-11-31-7025-000C0-0130
Land Assessment
$668,552
Improvements Assessment
$873,336
Total Assessment
$1,541,888
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NNN Medical Office - Humana | 20 Cypress Point Pky
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