2020 Flamingo Dr - Medical FOR SALE


Bartow, FL 33830
$1,444,651 USD
704-930-8179
2020 Flamingo Dr, Bartow, FL for Sale
$1,444,651 USD
Medical - FOR SALE
1/19
null | 8% Cap Rate

2020 Flamingo Dr
Bartow, FL 33830


HIGHLIGHTS

  • New Roof to be installed at Occupancy
  • Other Possible uses include Charter School, Daycare, Legal or Insurance Offices
  • Single Tenant or Two Tenant Layout proposed - See Matterport Layout
  • Class " A " 2nd Generation Medical Building with extensive medical related renovations
  • 9 Exam Rooms with sinks | 5 Private Offices | Blood Laboratories | 2 Nurse Stations | Large Waiting Area
  • Break Rooms | Large Training Room | 4 Restrooms | 2 Storage Rooms.

OVERVIEW

A stable, long-term investment opportunity: This medical office building, leased to a national corporate tenant under a new 7-year NNN lease, is located on a 0.95-acre lot near Bartow Regional Medical Center and Watson Clinic. The property features a strong initial NOI with rent escalations and renewal options, and recent capital improvements (approx. $300k in tenant improvements) including a new roof, HVAC systems, fire suppression system, and alarm system. Location Description This impressive 6,381 ± SF medical building presents a compelling NNN investment opportunity in Downtown Bartow. Conveniently located just two minutes from the US 98 and State Road 60 intersection, the property is less than 2.5 miles from Bartow Regional Medical Center and Watson Clinic, and only 1.3 miles from the Bartow Courthouse. Nearby amenities also include Bartow Middle School and Summerlin Academy (within 2.5 miles), and major retailers like Publix, Walmart, and Walgreens (within 5 minutes).

FOR SALE DETAILS

PRICE

$1,444,651 USD

PRICE/SF

$226 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

NNN Investment Medical Office Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

C

APN/PARCEL ID

25-30-04-364500-008090

ASK ABOUT THIS PROPERTY

Sid BhattSaunders Real EstateMore Info
704-930-8179

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Sid BhattSaunders Real EstateMore Info
704-930-8179

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