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NNN Medical Office - Humana 20 Cypress Point Pky 11,756 SF 100% Leased Retail Building Palm Coast, FL 32164 $5,850,000 ($497.62/SF) 6% 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
$5,850,000
Price Per SF
$497.62
Cap Rate
6%
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 | $1,111,210 |
| Land Assessment | $668,552 | Total Assessment | $1,779,762 |
Property Taxes
Parcel Number
07-11-31-7025-000C0-0130
Land Assessment
$668,552
Improvements Assessment
$1,111,210
Total Assessment
$1,779,762
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NNN Medical Office - Humana | 20 Cypress Point Pky
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