1625 Unity NW Way Winter Haven, FL 33881-2107

Property Details for 1625 Unity NW Way

Year built

1996

Lot size

0.81 lot acres

Property size

7,100 SF

Property type

Medical offices

Property subtype

Medical centers

APN

262820560500000041

APU

262820560500000041

Description

This exceptional investment opportunity presents a 6,416 square foot medical office building in Winter Haven, Florida, fully occupied by DaVita Dialysis under a modified triple-net (NNN) lease. The lease, guaranteed by DaVita Inc., a Fortune 500 company, boasts a remaining term of 7.4 years with two, five-year renewal options and a 10% rent increase every five years. The property, built in 1996 and extensively renovated in 2024, sits on a 0.81-acre lot and features one single-story building. The current annual net operating income (NOI) is $140,580, representing a 6.25% cap rate and a price per square foot of $350.57. The asking price is $2,249,280. Significant recent renovations, estimated at $433,000, included tenant improvements, HVAC replacement, plumbing and electrical upgrades, and parking lot repairs. The property enjoys a prime location near Highway 17, with high daily traffic counts, and benefits from strong demographics, including proximity to Winter Haven Hospital and LEGOLAND Florida. This offering provides a secure, long-term investment with a resilient tenant in a thriving Central Florida market. The lease's corporate guarantee and built-in rent escalations offer significant financial stability and growth potential. This is an ideal opportunity for investors seeking a low-risk, high-return investment in the healthcare sector.

Location Insight

City

Winter Haven

County

Polk

State

Florida

Longitude

-81.7316

Latitude

28.0382

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments