NNN Medical Office
809 Co Rd 466 Lady Lake, FL 32159
For Sale
Contact for pricing
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 Market141
Property Features for 809 Co Rd 466
General Information
- Standard status
- Active
- Size
- 3,105 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2014
Listing Agency:
SRS Real Estate Partners Tampa
(954) 703-3602
Listed By:
Patrick Nutt · License #BK3120739
Source:
Crexi
Added: Mar 4
Changed: Jul 23
Last Checked: Jul 23 at 9:27AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.5k | $24.96 |
| − Vacancy | −$14.0k | −$4.49 |
| EGI | $63.6k | $20.47 |
| − OpEx | −$15.9k | −$5.12 |
| NOI | $47.7k | $15.35 |
3,105 SF · lease $24.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$680.9K
$595.8K – $794.4K
NOI $47,663 @ 7.0% cap · market cap 4.20%
Second Best
Healthcare Medical
$500.2K
$437.7K – $583.6K
NOI $35,015 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$888.9K
$777.8K – $1.04M
NOI $62,224 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
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
