310 17th St - Medical FOR SALE
Vero Beach, FL 32960 |
$770,921 USD
310 17th St
Vero Beach, FL 32960
HIGHLIGHTS
- Recent Capital Investments: Recent upgrades include a new roof, HVAC system, and parking lot resurfacing, enhancing long-term reliability
- Passive Ownership: The NN+ lease structure provides hands-off ownership, with the tenant responsible for repairs, maintenance, taxes and more
- Stable Income & Inflation Hedge: The lease carries 6.75 years of remaining term and 2.5% annual rent increases beginning July 2025
- Located within a professionally managed medical condominium complex just two miles from Cleveland Clinic
- The asset offers limited landlord responsibilities and credit-backed income under a corporate Heartland Dental lease
- Landlord exposure is limited to non-recurring special assessments, ensuring a low-maintenance, stable investment secured by a corporate guarantee
FOR SALE DETAILS
PRICE
$770,921 USD
PRICE/SF
$51 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Heartland Dental
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.5 AC
LAND SF
21,780 SF
ZONING
-
APN/PARCEL ID
33-40-06-00014-0000-00001.0,33-40-06-00014-0000-00002.0,33-40-06-00014-0000-00003.0,33-40-06-00014-0000-00006.0,33-40-06-00014-0000-00007.0
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