About 8946 77th Terrace E
Located in Lakewood Ranch, Florida, this property presents an exceptional medical office investment opportunity. The Radiation Oncology Center features a true NNN lease structure with monthly rent of $38,918.45, providing stable income with no landlord responsibilities. The occupying tenant is responsible for a portion of the building maintenance, while the condominium association maintains the remaining common areas. The property is offered at a 7.25% cap rate, generating $467,021.45 in annual NOI, with annual CPI rent increases built into the lease structure. The current tenant, Advocate Radiation Oncology, has two years remaining on the existing lease term along with a five-year renewal option. The tenant has invested and continues to invest significant capital improvements into the space, demonstrating a strong commitment to long-term occupancy. The building is well maintained and features an attractive architectural design, including a charming courtyard area between the two buildings accented by elegant columns. The interior includes a welcoming waiting room, multiple exam rooms, private offices, and a dedicated CT scan room and two radiation vaults designed to support specialized medical services. Strategically located just 1.6 miles from Lakewood Ranch Medical Center, the property benefits from proximity to a major healthcare hub, supporting continued referral opportunities, collaboration with nearby providers, and sustained patient demand for the tenant.
Features of 8946 77th Terrace E
| MLS® # | A4688412 |
|---|---|
| Price | $6,440,000 |
| Square Footage | 8,046 |
| Acres | 0.18 |
| Year Built | 2009 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Listing Details
| Office | SVN COMMERCIAL ADVISORY GROUP |
|---|
Listing Map
Neighborhood Information for 8946 77th Terrace E
Significant Percentage of Family Households, Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Community Haven For Adults And Children With Disabilities Public - 9Th Grade to 12Th Grade |
2 Miles | |
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Community Haven For Adults And Children With Disabilities Private - to |
2 Miles | |
|
|
Selby Preschool Public - Preschool to Preschool |
2 Miles | |
|
|
Sea Of Strengths Academy Private - 3Rd Grade to 7Th Grade |
2 Miles | |
|
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Beyond The Spectrum Education Center Private - Kindergarten to 12Th Grade |
2 Miles | |
|
Braden River Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
2 Miles | |
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Out Of Door Academy Upper School Private - 6Th Grade to 12Th Grade - Closest High School |
2 Miles |
School data provided by GreatSchools