16159 Myriad Ln Fort Myers, FL 33908
Call to check price and availability
Medical Office Investment: 6.2% Cap Rate
Property size:
4,200 SFProperty Features for 16159 Myriad Ln
General Information
- Property type
- Medical offices
- Square Feet
- 4,200 SF
- Lot Size
- 13,068 SF
Building Details
- Year Built
- 2020
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency: Marcus & Millichap | Miami Listing Agent: Gabriel Britti
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fee-simple, single-tenant medical office building in Fort Myers, Florida. The 4,200 square-foot property, built in 2020, is 100% occupied by Heartland Dental under a corporate-guaranteed, net-lease agreement with 5.3 years remaining on the initial 10-year term. The lease includes three five-year renewal options and features 10% rent increases every five years. The property boasts a strong 6.20% cap rate, generating a net operating income (NOI) of $173,250 annually, with a price per square foot of $665.32. Situated on a 0.3-acre lot at 16159 Myriad Ln, Fort Myers, FL 33908, this location benefits from its proximity to numerous residential developments, including several apartment complexes and new home communities. Nearby educational institutions include Florida Southwestern State College and Florida Gulf Coast University, and several shopping centers are within easy reach. This is a prime investment opportunity in a thriving Florida market, offering stability and significant long-term potential. The property is a single-story building with excellent visibility and access. The tenant, Heartland Dental, is a large, established dental practice with a strong national presence. This offering provides a secure, passive income stream in a desirable location.
Property Profile
Location Intelligence
Current Use by Public Records
Medical offices
Map
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.9328081
- Latitude
- 26.4950756
Nearby Similar for Sale
FAQs
What type of property is this?
Medical office - Medical Office Investment: 6.2% Cap Rate
Where is this medical office located?
The property is located at 16159 Myriad Ln Fort Myers, FL.
What is the asking price?
The asking price for this property is $2,794,354.
What are key features of this property?
This property features: Fee-simple, single-tenant medical office building in Fort Myers, FL, totaling 4,200 square feet.; 10-year corporate-guaranteed lease with Heartland Dental; 5+ years remaining on initial term, three 5-year renewal options, and 10% rent increases every five years.; 2020 construction; strong intrinsic value; located directly across from a new Class A apartment complex.
