Ophthalmology Medical Center with Surgery
1717 W Woolbright Rd, Boynton Beach, FL 33426
For Sale
Contact for pricing
The single-tenant facility combines specialty eye care with an on-site surgical operation.
Property Size14,326 SF
Lot Size1.73 Acres
Price / SF$474.52
Days on Market50
Property Features for 1717 W Woolbright Rd
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Office Units
Building Details
Buildings
Building Size
Tenancy
Owner Occupied
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License IL 475.170243
(305) 913-5545
Source:
Crexi
Added: Sep 22
Changed: Oct 30
Last Checked: Nov 10 at 6:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Chicago | Americas Headquarters
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Investment Insights
Based on property information with market context.
This 14,326-square-foot medical facility on 1.73 acres houses an ophthalmology clinic and an attached ambulatory surgery center. The surgery center has three dedicated operating rooms, a post-anesthesia recovery area, and direct access to the clinic. It is AAAHC-accredited and Medicare-certified, and has operated at this site for more than 20 years. The practice offers cataract, cornea, glaucoma, retina, LASIK, and pediatric eye care.
EyeSouth Partners occupies the property under an absolute NNN lease with 7.0 years remaining, annual increases of the lesser of 2.00% or 1.25x CPI, and four 5-year renewal options. The lease is guaranteed by EyeSouth Eye Care Holdco, LLC.
The property is at the I-95 and Woolbright Road interchange in Boynton Beach, with reported traffic of 218K VPD on I-95 and 51K VPD on Woolbright Road. Bethesda Hospital East is two miles away; Delray Medical Center and HCA Florida JFK Hospital are each within five miles.
EyeSouth Partners occupies the property under an absolute NNN lease with 7.0 years remaining, annual increases of the lesser of 2.00% or 1.25x CPI, and four 5-year renewal options. The lease is guaranteed by EyeSouth Eye Care Holdco, LLC.
The property is at the I-95 and Woolbright Road interchange in Boynton Beach, with reported traffic of 218K VPD on I-95 and 51K VPD on Woolbright Road. Bethesda Hospital East is two miles away; Delray Medical Center and HCA Florida JFK Hospital are each within five miles.
Key Highlights
- 14,326 SF facility on a 1.73‑acre parcel
- Attached ambulatory surgery center with three dedicated ophthalmic operating rooms
- AAAHC‑accredited, Medicare‑certified surgery center operating on site for more than 20 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$457,007
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,140,140
$9.1M
Cap Rate 7%
$6,528,671
$6.5M
Cap Rate 9%
$5,077,856
$5.1M
Market Conditions
NOI Build-Up for 14,326 SF
Gross rent
$716.9K $50.04/SF
− Vacancy
−$107.5K −$7.51/SF
EGI
$609.3K $42.53/SF
− OpEx
−$152.3K −$10.63/SF
NOI
$457.0K $31.90/SF
Area
Palm Beach County, FL
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,140,140
Cap Rate 7%
$6,528,671
Cap Rate 9%
$5,077,856
Alternative Uses
Best Use
Office B
$6.53M
$5.71M – $7.62M
NOI $457,007 @ 7.0% cap · market cap 6.72%
Second Best
Healthcare Medical
$3.13M
$2.74M – $3.66M
NOI $219,317 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$10.09M
$8.83M – $11.77M
NOI $706,242 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
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Business Placement
Demographics for 33426, FL
25,155
Population
12,500
Households
2
Avg Household Size
43
Median Age
32%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
4,124
Density / Sq Mi
$76,328
Median Household Income
$43,992
Median Earnings
$1,981
Median Rent
$298,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical center - The single-tenant facility combines specialty eye care with an on-site surgical operation.
Where is this medical center located?
The property is located at 1717 W Woolbright Rd Boynton Beach, FL.
What is the asking price?
The asking price for this property is $6,798,000.
What are key features of this property?
This property features: 14,326 SF facility on a 1.73‑acre parcel; Attached ambulatory surgery center with three dedicated ophthalmic operating rooms; AAAHC‑accredited, Medicare‑certified surgery center operating on site for more than 20 years
