3201 Olive Rd - Medical FOR SALE


Pensacola, FL 32514- Ferry Pass
$1,753,846 USD
954-295-4534
3201 Olive Rd, Pensacola, FL for Sale
$1,753,846 USD
Medical - FOR SALE
1/8
null | 6.5% Cap Rate

3201 Olive Rd
Pensacola, FL 32514
Ferry Pass


HIGHLIGHTS

  • The property underwent a significant 2023 interior renovation including a full gut remodel with new sheetrock, updated finishes, fixtures
  • The property operates under an absolute NNN lease structure with above-market 3% annual rental increases
  • The property features a specialized dental buildout with significant dental-specific infrastructure and tenant improvements in place
  • The property is strategically positioned along E Olive Road within an established Northeast Pensacola healthcare corridor with convenient access
  • Located within a dense residential area of Pensacola with strong surrounding household density and a large family-oriented population base
  • The property offers convenient access to major Pensacola thoroughfares including Interstate 10

OVERVIEW

Matthews Real Estate Investment Services is pleased to exclusively offer the opportunity to acquire an absolute NNN leased dental and orthodontic facility in Pensacola, Florida, occupied by Smart Smiles Orthodontics and Wild Smiles Pediatric Dentistry. The lease is backed by a personal guarantee from ownership, providing additional security and reinforcing long-term commitment to the location. The investment offers a highly passive ownership structure with the tenant responsible for all maintenance, taxes, insurance, and capital expenditures. The lease also features 3% annual rent increases, creating built-in income growth and long-term cash flow stability. The property underwent a significant interior renovation in 2023, including a full gut remodel with updated finishes, fixtures, and modernized improvements throughout. The specialized dental buildout and existing infrastructure create high replacement costs and support strong long-term tenant retention. Strategically positioned within a dense residential corridor of Pensacola, the property benefits from strong surrounding demographics and consistent demand drivers for pediatric and orthodontic services. The location also offers convenient access to Interstate 10, North Davis Highway, and Nine Mile Road, providing strong connectivity throughout the greater Pensacola market. The affiliated practices are operated by a team of four dentists and orthodontists and benefit from an established recurring patient base built over years of successful operations within the market, supporting long-term operational stability and occupancy continuity.

FOR SALE DETAILS

PRICE

$1,753,846 USD

PRICE/SF

$389 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smart Smiles Orthodontics & Wild Smiles

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Convenience Store, Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

R-4

APN/PARCEL ID

17-1S-30-3102-001-001

ASK ABOUT THIS PROPERTY

Jake AllenMatthews Real Estate Investment ServicesMore Info
954-295-4534

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Jake AllenMatthews Real Estate Investment ServicesMore Info
954-295-4534

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