809 N Stone St - Medical FOR SALE
Deland, FL 32720 |
$1,223,665 USD
866-889-0550
809 N Stone St
Deland, FL 32720
HIGHLIGHTS
- Recent Renovations: In 2020, the current ownership replaced the roof, flooring, and all interior walls.
- Hands-Off Investment: The tenants handle all maintenance/repairs and all day- to-day expenses under this NNN lease.
- 2% Annual Rent Increases: Strong annual rent escalations help protect against inflation.
- “Sticky Tenant”: Healthcare practices tend to be exemplary tenants due to their typical long-term tenancy.
- Replaceable Rents: The average local medical market rent ranges from $21 to $24 (NNN).
- Leading State Provider: Pediatric Associates is Florida’s largest privately owned primary care pediatric practice, with more than 200 providers.
FOR SALE DETAILS
PRICE
$1,223,665 USD
PRICE/SF
$263 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
PEDIATRIC ASSOCIATES
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.67 AC
LAND SF
29,185 SF
ZONING
-
APN/PARCEL ID
7009-01-36-0014,7009-01-36-0017
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