Lakewood Ranch Medical Office
For Sale
$6,975,000
8946 77TH TERRACE E, Lakewood Ranch, FL 34202
Medical office space with NNN lease in Lakewood Ranch.
Property Size9,046 SF
Price / SF$771.06
Days on Market131
Property Features for 8946 77TH TERRACE E
General Information
Standard status
Active
Size
9,046 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$23,562
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Building Details
Year Built
2009
Listing Agency:
SVN COMMERCIAL ADVISORY GROUP
(941) 387-1200
Listed By:
TONY VELDKAMP, CCIM · License #576074
Source:
Corcoran
Added: Apr 1
Changed: Aug 8
Last Checked: Aug 8 at 12:56PM
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 SVN COMMERCIAL ADVISORY GROUP
Investment Insights
Based on property information with market context.
Located in Lakewood Ranch, Florida, this property offers a medical office investment opportunity. The Radiation Oncology Center operates under a true NNN lease structure, featuring a monthly rent of $37,784.91. The tenant is responsible for a portion of the building maintenance, with the condominium association maintaining the remaining common areas. Offered at a 6% cap rate, the property generates $453,418.88 in annual NOI, with annual CPI rent increases built into the lease structure. The current tenant, Advocate Radiation Oncology, has two years remaining on the existing lease term, along with a five-year renewal option, and has invested significant capital improvements into the space, demonstrating a commitment to long-term occupancy. The building, with a size of 9,046 square feet, is well maintained and features an attractive architectural design, including a courtyard area between the two buildings accented by elegant columns. The interior includes a waiting room, multiple exam rooms, private offices, a dedicated CT scan room, and two radiation vaults designed to support specialized medical services. Strategically located 1.6 miles from Lakewood Ranch Medical Center, the property benefits from proximity to a major healthcare hub, supporting continued referral opportunities, collaboration with nearby providers, and sustained patient demand for the tenant.
Key Highlights
- True NNN lease: stable, passive income, no landlord responsibilities.
- Generates $453,418.88 annual NOI with a 6% cap rate.
- Annual CPI rent increases are built into the lease.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34202, FL
26,797
Population
12,543
Households
2.1
Avg Household Size
54
Median Age
57%
College-Educated
97%
High-School Grad
23.1 sq mi
ZIP Area
1,160
Density / Sq Mi
$123,210
Median Household Income
$54,792
Median Earnings
$2,111
Median Rent
$620,700
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space with NNN lease in Lakewood Ranch.
Where is this medical office space located?
The property is located at 8946 77TH TERRACE E Lakewood Ranch, FL.
What is the asking price?
The asking price for this property is $6,975,000.
What are key features of this property?
This property features: True NNN lease: stable, passive income, no landlord responsibilities.; Generates $453,418.88 annual NOI with a 6% cap rate.; Annual CPI rent increases are built into the lease.
