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946 Cypress Village Blvd - Cypress Creek ST NNN MOB 2025 Construction 3,500 SF Medical Condo Unit Offered at $1,888,000 in Sun City Center, FL 33573
INVESTMENT HIGHLIGHTS
- For Sale 3,500 SF Single Tenant NNN New Construction Medical Office Condo
- 5 Year Lease Term Ends 08/31/2030 - Two Five-Year Options to Extend - 3% Annual Escalations Throughout
- 1.4 miles to I-75, 1.7 miles to HCA South Shore Hospital (138 beds)
- Strong Tenant with a 15-year History in the Office Park & 97 Locations in Florida
- 6 wet exam rooms, procedure room, 2 physician offices, lab, IT, waiting, reception, kitchen, 3 restrooms
- 7.8 miles (10 minutes) to Saint Joseph’s Hospital South (90 beds)
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS Under Contract
| Total Building Size | 7,000 SF | Typical Floor Size | 7,000 SF |
| Property Type | Office (Condo) | Year Built | 2025 |
| Property Subtype | Medical | Tenancy | Single |
| Building Class | B | Lot Size | 0.08 AC |
| Floors | 1 | Parking Ratio | 4.9/1,000 SF |
| Zoning | PD - Planned Development | ||
| Total Building Size | 7,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 7,000 SF |
| Year Built | 2025 |
| Tenancy | Single |
| Lot Size | 0.08 AC |
| Parking Ratio | 4.9/1,000 SF |
| Zoning | PD - Planned Development |
AMENITIES
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
1 UNIT AVAILABLE
Unit B
| Unit Size | 3,500 SF | Sale Type | Investment |
| Price | $1,888,000 | Sale Status | Under Contract |
| Price Per SF | $539.43 | Cap Rate | 6.30% |
| Condo Use | Medical | NOI | $119,000 |
| Unit Size | 3,500 SF |
| Price | $1,888,000 |
| Price Per SF | $539.43 |
| Condo Use | Medical |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 6.30% |
| NOI | $119,000 |
DESCRIPTION
3,500 SF full medical office buildout, single-story ground floor office. 6 wet exam rooms, procedure room, 2 physician offices, lab, IT, waiting, reception, kitchen and 3 restrooms.
SALE NOTES
- Bridgewater Commercial is pleased to present a prime single tenant NNN MOB investment opportunity in west central Florida between Tampa and Sarasota. The construction is complete and the tenant’s rent has commenced. The initial term ends 08/31/2030 and the tenant has two five-year options to extend. This offering delivers the investor a premium tenant, a passive structure NNN lease with 3% annual rent escalations, a new construction and a modern medical buildout in a maintenance free professional park. The tenant’s medical practice has been operating in this office park since 2010, demonstrating their commitment to the location.
- The office condo comprises 3,500 square feet of a 7,000 square foot single-story building. The floor plan includes 6 exam rooms with sinks/cabinets, procedure room, 2 physician offices (one with private restroom), lab, waiting room with patient restroom, reception/business office, kitchen/breakroom, storage closets, IT room and staff restroom. It is a standard medical office layout that could be utilized by many types of medical practices, from general medicine to specialty practices.
- Tenant is Women's Care, a 27-year-old Ob/Gyn group with 97 locations in Florida.
- Tenant has been in this office park since 2010, showing a commitment to the location.
- Market Rent with 3% annual escalations in the initial term (ends 8/31/30) and option terms (x 2 - 5 years each)
- Year 1 NOI: $119,000 with next rent bump on 09/01/26
- Just 30 minutes southeast of Tampa’s city center, the Sun City Center community has seen incredible growth in recent years. The population within a one-mile radius of the building has increased more than 72% since 2019 while the five-mile population has increased nearly 44k or 47% to just over 137k. This translates to steady growth for area medical practices.
- Cypress Creek Executive Park is 1.4 miles from I-75 and pulls residents of Ruskin, Riverview, Apollo Beach, and Wimauma. The Park is 20 minutes south of Brandon, 23 minutes to Bradenton, 30 minutes to Lakewood Ranch and Tampa. Amazon’s 1.1 million SF Ruskin distribution hub, with 2,500 employees, is directly across I-75 to the west. Growth continues unabated in the area with 54 single family villas under construction directly across Cypress Village Boulevard. Despite the residential growth, Sun City Center has seen little new office construction over the same period. The market area offers few medical office lease options and limited owner/user purchase opportunities.
Contact Kori with Bridgewater Commercial Real Estate at 813-997-3341 today to learn more about this quality investment opportunity.
NNN TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Women's Care Enterprises |
3,500 SF
|
August 2030
|
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946 Cypress Village Blvd - Cypress Creek ST NNN MOB 2025 Construction
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