Bridgewater Commercial is pleased to present a prime single tenant NNN MOB investment opportunity in west central Florida between Tampa and Sarasota. This offering checks all the boxes; high caliber tenant, passive structure NNN lease, 3% annual rent escalations, new construction, modern and functional medical buildout in a maintenance free, immaculate professional park. With an anticipated delivery date in late summer 2025, a buyer can secure the purchase with a closing date to coincide closely with the tenant’s rent commencement. The tenant’s medical practice has been operating in this office park since 2010. They will move into the new building upon completion of construction, doubling their footprint in the park.
The office condominium comprises 3,500 square feet within a 7,000 square foot building. The floor plan includes 6 exam rooms with sinks/cabinets, procedure room, 2 physician offices (one with private restroom), lab, waiting room with patient restroom, reception/business office, kitchen/breakroom, storage closets, IT room and staff restroom. It is a standard medical office layout that could be utilized by many types of medical practices from general medicine to specialty practices.
Just 30 minutes southeast of Tampa’s city center, the Sun City Center community has seen incredible growth in recent years. The population within a one-mile radius of the building has increased more than 68% since 2020 while the five-mile population has increased nearly 39k or 41.5% to just over 132k. This translates to steady growth for area medical practices.
Cypress Creek Executive Park is 1.4 miles from I-75 and pulls residents of Ruskin, Riverview, Apollo Beach, and Wimauma. The Park is 20 minutes south of Brandon, 23 minutes to Bradenton, 30 minutes to Lakewood Ranch and Tampa. Amazon’s 1.1 million SF Ruskin distribution hub, with 2,500 employees, is directly across I-75 to the west. Growth continues unabated in the area with 54 single family villas under construction directly across Cypress Village Boulevard. Despite the residential growth, Sun City Center has seen little new office construction over the same period. Few medical office lease options are available in this market and there are virtually no owner/user purchase opportunities.
This quality investment opportunity is certain to be tied up quickly! Contact Kori with Bridgewater Commercial Real Estate at 813-997-3341 today to learn more.