4873 Belle Terre Pkwy Palm Coast, FL 32164

Property Details for 4873 Belle Terre Pkwy

Year built

2016

Construction

WOOD

Lot size

0.85 lot acres

Property size

3,800 SF

Property type

Medical offices

Property subtype

Medical centers

APN

13-11-30-4971-00000-0020

APU

1311304971000000020

Description

This exceptional investment opportunity presents a 3,800 square foot, free-standing Aspen Dental building situated on a 0.85-acre lot in Palm Coast, Florida. The property boasts a highly desirable Absolute NNN ground lease with a corporate guarantee, eliminating all landlord responsibilities for operating and capital expenses. The initial 20-year lease, commencing July 16, 2016, and expiring July 30, 2036, has approximately 11.7 years remaining, providing significant long-term stability. Four 5-year renewal options are included, further securing the investment's future. Located at 4873 Belle Terre Pkwy, Palm Coast, FL 32137, this Class A property benefits from a prime location at the northwest quadrant of Belle Terre Pkwy and Palm Coast Pkwy SW, with access to two signalized intersections. The area features strong demographics, with an estimated population exceeding 88,000 and an average income over $112,000 within a five-mile radius. Nearby retailers include Publix, ALDI, McDonald's, AutoZone, Verizon, Kohl's, PNC Bank, Circle K, Space Coast Credit Union, and Walgreens, indicating a thriving commercial environment. The property's strong tenant, excellent location, and long-term lease structure make it an attractive investment with a 5.00% cap rate and a Net Operating Income (NOI) of $129,999. The asking price is $2,599,999. Built in 2016, this single-story building offers 100% occupancy since its opening date of July 16, 2016. Rent bumps are included in the lease agreement.