Current Use by Public Records
- Mohan Narayanan PA / Physician
- Jordan Panicco, DPM / Physician
- AMA Health Providers / Endocrinologist / Gastroenterologist
- Alexander Troum, DO / Physician
Property Details for 810 Mills Ave
- Year built
- 1992
- Lot size
- 0.34 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This fully leased, 2,055 square foot Class B medical office building in Arcadia, Florida, presents a compelling net lease investment opportunity. Located at 810 N Mills Ave, this single-story building, constructed in 1992, sits on a 0.34-acre lot. The property boasts a 100% occupancy rate with a single tenant under a 7-year NNN lease (commencing September 1, 2023, and expiring August 31, 2030), featuring 2% annual rent bumps and three 3-year lease options. The current Net Operating Income (NOI) is $41,100, yielding a 6.75% cap rate, with an asking price of $608,888 ($296.30/sq ft). Landlord responsibilities are limited to roof and structure. The property's location offers excellent access to DeSoto Memorial Hospital. The building's APN is 30-37-25-0168-00K00150. This is a sale for leaseback transaction.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arcadia
- County
- Desoto
- State
- Florida
- Longitude
- -81.8529
- Latitude
- 27.2244
