Lakewood Ranch Medical Office
8946 77TH TERRACE E, Lakewood Ranch, FL 34202
Medical office space with NNN lease in Lakewood Ranch.
Type:Commercial
Property size:
9,046 SFPrice / SF:
$834/SF- Added:
- Apr 1, 2026
- Days on Market:
- 61
- Last Refresh:
- Apr 1 at 8:05 pm
Property Features for 8946 77TH TERRACE E
General Information
- Standard status
- Active
- Size
- 9,046 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2009
Listing agent TONY VELDKAMP, CCIM License #576074
Listing office SVN COMMERCIAL ADVISORY GROUP (941) 387-1200
Listing date Apr 1, 2026
Source Corcoran
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
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.
- Strategically located 1.6 miles from Lakewood Ranch Medical Center.
- Tenant invested significant capital into the space.
- Features specialized medical infrastructure.
Overview
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.
Location Intelligence
Current Use by Public Records
Medical Office Space
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Location Insight
- Map
- Local Demand
- City
- Lakewood Ranch
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4505326
- Latitude
- 27.3991041
Nearby Similar for Sale
FAQs
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 $7,545,000.
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.
