1800 17Th St Ocala, FL 34471

Property Details for 1800 17Th St

Lot size

2.57 lot acres

Zone code

O1

Property type

Commercial real estate

APN

28625-000-00

APU

2862500000

Description

This exceptional investment opportunity presents a 5,139 square foot medical office building in Ocala, Florida, currently 100% occupied by HCA Florida Ocala Primary Care, a subsidiary of HCA Healthcare. The property boasts a newly signed, triple-net (NNN) lease with a prominent, credit-rated tenant, ensuring consistent cash flow. The lease commenced November 1, 2023, and has a remaining term of approximately 3.9 years, extending to October 31, 2028, with a single five-year renewal option. The annual rent escalates by 3%, providing built-in growth potential. The building, constructed in 1985 and classified as Class B, is situated at 1800 SE 17th St #100, Ocala, FL 34471, within a major medical corridor. The asking price is $1,370,000, representing a compelling cap rate of 6.75% based on a net operating income (NOI) of $92,502. The property's zoning is O-1, and the tenant has occupied the space since October 1, 2007. This investment offers stability and growth potential in a rapidly expanding market, with Ocala experiencing significant population growth. The seller is escrowing $92,502 to ensure tenant renewal for an additional five years in 2028. This is a rare opportunity to acquire a high-quality, net-leased medical office building in a prime location.