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NNN Investment Medical Office Building 2020 Flamingo Dr 6,381 SF Office Building Bartow, FL 33830 $1,444,651 ($226.40/SF) 8% Cap Rate
Investment Highlights
- New Roof to be installed at Occupancy
- Single Tenant or Two Tenant Layout proposed - See Matterport Layout
- 9 Exam Rooms with sinks | 5 Private Offices | Blood Laboratories | 2 Nurse Stations | Large Waiting Area
- Other Possible uses include Charter School, Daycare, Legal or Insurance Offices
- Class " A " 2nd Generation Medical Building with extensive medical related renovations
- Break Rooms | Large Training Room | 4 Restrooms | 2 Storage Rooms.
Executive Summary
A stable, long-term investment opportunity: This medical office building, leased to a national corporate tenant under a new 7-year NNN lease, is located on a 0.95-acre lot near Bartow Regional Medical Center and Watson Clinic. The property features a strong initial NOI with rent escalations and renewal options, and recent capital improvements (approx. $300k in tenant improvements) including a new roof, HVAC systems, fire suppression system, and alarm system.
Location Description
This impressive 6,381 ± SF medical building presents a compelling NNN investment opportunity in Downtown Bartow. Conveniently located just two minutes from the US 98 and State Road 60 intersection, the property is less than 2.5 miles from Bartow Regional Medical Center and Watson Clinic, and only 1.3 miles from the Bartow Courthouse. Nearby amenities also include Bartow Middle School and Summerlin Academy (within 2.5 miles), and major retailers like Publix, Walmart, and Walgreens (within 5 minutes).
Location Description
This impressive 6,381 ± SF medical building presents a compelling NNN investment opportunity in Downtown Bartow. Conveniently located just two minutes from the US 98 and State Road 60 intersection, the property is less than 2.5 miles from Bartow Regional Medical Center and Watson Clinic, and only 1.3 miles from the Bartow Courthouse. Nearby amenities also include Bartow Middle School and Summerlin Academy (within 2.5 miles), and major retailers like Publix, Walmart, and Walgreens (within 5 minutes).
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
6,381 SF
Building Class
C
Year Built/Renovated
1980/2012
Price
$1,444,651
Price Per SF
$226.40
Cap Rate
8%
NOI
$115,572
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,381 SF
Building FAR
0.15
Lot Size
0.95 AC
Zoning
C - Commercial
Parking
25 Spaces (5.33 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Natural Light
- Partitioned Offices
- Reception
- Air Conditioning
Property Taxes
| Parcel Number | 25-30-04-364500-008090 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $534,959 |
Property Taxes
Parcel Number
25-30-04-364500-008090
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$534,959
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NNN Investment Medical Office Building | 2020 Flamingo Dr
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