7318 Broad St Brooksville, FL 34601
- Office Properties & Spaces
- 9,650 SF
- 1.92 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 7318 Broad St
- Year built
- 1973
- Lot size
- 1.92 lot acres
- Property size
- 9,650 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional investment opportunity presents a 9,650-square-foot Class B medical office building located at 7318 Broad St, Brooksville, FL 34601. The property, built in 1973 and situated on a 1.92-acre lot, is currently 75% occupied by Davita Dialysis, a leading national kidney care provider with a strong financial profile ($11.38 billion in revenue, $617 million net income, $3.8 billion net worth, and Ba2/BB credit rating). This is a triple-net (NNN) lease investment offering a 5.53% cap rate and a net operating income (NOI) of $75,490. The asking price is $1,366,000, translating to $141.55 per square foot. The property is zoned for commercial use and benefits from a long-term lease with no early termination or kick-out clauses during the initial term and any exercised options. The tenant's strong financial position and the growing demand for dialysis services make this a compelling investment in a recession-resistant industry. The property's location in Hernando County, Florida, provides convenient access to a substantial patient base. This is an ideal opportunity for investors seeking a stable, long-term, net-leased investment with a reputable tenant in a high-demand sector.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooksville
- County
- Hernando
- State
- Florida
- Longitude
- -82.4055
- Latitude
- 28.5366
