803 E Dixie Ave - Medical FOR SALE


Leesburg, FL 34748
$1,975,200 USD
954-703-3602
803 E Dixie Ave, Leesburg, FL for Sale
$1,975,200 USD
Medical - FOR SALE
1/9
null | 6.5% Cap Rate

803 E Dixie Ave
Leesburg, FL 34748


HIGHLIGHTS

  • 3 Years Remaining | Options to Extend | Annual Rental Increases | Established Brand | Second Tenant | Below Market Rent
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Hospital & High School
  • Along E. Dixie Ave (29,500 VPD) | U.S. Hwy 441 (50,000 VPD) | Excellent Visibility & Access
  • Strong Demographics in 5-mile Trade Area

OVERVIEW

• The tenant currently has 3 years remaining on their initial lease with 1 (5-year) option to extend, demonstrating their commitment to the site • The lease features 3% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation • Pivotal Health Care purchased the business from the owner in 2023 - The doctor has been at the location for 10 years and continues to work under their umbrella of doctors • Below Market Rent of $21 PSF vs $27 PSF • The doctor’s wife is occupying 2,000 SF of the location where she runs her practice and will be signing a lease at closing for 3 years with 1 (5-year) option to renew with a personal guarantee on that commitment • The second tenant will be paying $2,000/month flat rent for the 3-year term with one option to renew

FOR SALE DETAILS

PRICE

$1,975,200 USD

PRICE/SF

$329 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Optum Health

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

Community Commercial

APN/PARCEL ID

25-19-24-0003-000-15500

ASK ABOUT THIS PROPERTY

Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.