NNN Medical Office
For Sale
Contact for pricing
809 Co Rd 466, Lady Lake, FL 32159
Long-term single-tenant NNN lease with Optum Health and 8 years remaining, including annual rent increases.
Property Size3,105 SF
Price / SF$365.54
Days on Market107
Property Features for 809 Co Rd 466
General Information
Standard status
Active
Size
3,105 SF
Total Parking Spaces
40
Property subtype
Office, Retail
Zoning
RP -- Residential Professional
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$72,120
Additional Details
Cap Rate
6.35%
Building Details
Year Built
2014
Year Renovated
2021
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Tampa
Listed By:
William Wamble · License #SL3257920
(813) 434-8278
Source:
Crexi
Added: Jul 8
Changed: Oct 7
Last Checked: Oct 20 at 7:33PM
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 SRS Real Estate Partners Tampa
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Investment Insights
Based on property information with market context.
This NNN medical office unit, 809 County Road 466, Unit 101-C in Lady Lake, Florida, is offered as an investment with a long-term single-tenant lease. The tenant is Optum Health, with a corporate guarantor under UnitedHealth Group.
The lease features 8 years remaining and annual rent increases. Based on the provided financials, the property has an estimated net operating income of $72,120 and a stated 6.35% cap rate.
According to the information provided, the structure is designed to require no landlord responsibilities, supporting a hands-off investment approach. The property is located within The Villages, described in the remarks as a master-planned community.
The lease features 8 years remaining and annual rent increases. Based on the provided financials, the property has an estimated net operating income of $72,120 and a stated 6.35% cap rate.
According to the information provided, the structure is designed to require no landlord responsibilities, supporting a hands-off investment approach. The property is located within The Villages, described in the remarks as a master-planned community.
Key Highlights
- 2014‑built property with a long‑term single‑tenant NNN lease
- Tenant is Optum Health, with UnitedHealth Group as corporate guarantor
- Lease has 8 years remaining with options and annual rent increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,389
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,780
$927.8K
Cap Rate 7%
$662,700
$662.7K
Cap Rate 9%
$515,433
$515.4K
Market Conditions
NOI Build-Up for 3,105 SF
Gross rent
$74.5K $24.00/SF
− Vacancy
−$12.7K −$4.08/SF
EGI
$61.9K $19.92/SF
− OpEx
−$15.5K −$4.98/SF
NOI
$46.4K $14.94/SF
Area
Lake County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,780
Cap Rate 7%
$662,700
Cap Rate 9%
$515,433
Alternative Uses
Best Use
Office B
$662.7K
$579.9K – $773.2K
NOI $46,389 @ 7.0% cap · market cap 4.09%
Second Best
Healthcare Medical
$632.4K
$553.3K – $737.8K
NOI $44,265 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$883.6K
$773.2K – $1.03M
NOI $61,852 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
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Business Placement
Demographics for 32159, FL
30,455
Population
19,670
Households
1.5
Avg Household Size
69
Median Age
29%
College-Educated
95%
High-School Grad
30.2 sq mi
ZIP Area
1,008
Density / Sq Mi
$57,536
Median Household Income
$30,723
Median Earnings
$1,370
Median Rent
$272,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
NNN property - Long-term single-tenant NNN lease with Optum Health and 8 years remaining, including annual rent increases.
Where is this nnn property located?
The property is located at 809 Co Rd 466 Lady Lake, FL.
What is the asking price?
The asking price for this property is $1,135,000.
What are key features of this property?
This property features: 2014‑built property with a long‑term single‑tenant NNN lease; Tenant is Optum Health, with UnitedHealth Group as corporate guarantor; Lease has 8 years remaining with options and annual rent increases
