Single-Tenant Office Medical
Alliance Specialty Surgical Center | New 10-Year NNN Lease
1545 Hand Ave, Ormond Beach, FL 32174
Listing Price: $5,640,000
Cap Rate
7.00%
Tenant Name
Alliance Specialty Surgical Center
Years Remaining On Lease
10.2
Guarantor
No Guarantee
Rentable SF
10,828
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.46
Investment Overview
NNN Lease Surgical Center | Largest Pain Medicine Practice in Volusia County
Alliance Specialty Surgical Center | New 10-Year NNN Lease
Investment Highlights
- • 10-Year Lease Extension to Commence at Close of Escrow ? Tenant Agreeing to Long Term Commitment to this Location
- • Landlord Friendly Lease Structure ? Triple Net Lease Provides Ownership with Passive Investment
- • Strong Operator with 20+ Year Historical Occupancy ? Tenant has Eight Pain Center Locations and a Surgery Center ? One of the Premier Pain Medicine Providers in Eastern/Central FL
- • Strong Population Growth within Immediate Submarket ? 102,000+ within 5-Mile Radius
- • Annual Rental Increases Provides Hedge Against Inflation ? 3% Annual Rental Increases Scheduled Throughout Current Term
- • Ideal Location Within Two Miles of Advent Health Daytona Beach ? Currently 362 Inpatient Beds Set to Expand to 466 Beds by 2026 ? $220 Million Expansion Began Summer of 2024
Single-Tenant Office Medical
Alliance Specialty Surgical Center | New 10-Year NNN Lease
Listing Price: $5,640,000
Cap Rate
7.00%
Tenant Name
Alliance Specialty Surgical Center
Years Remaining On Lease
10.2
Guarantor
No Guarantee
Rentable SF
10,828
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.46
Investment Highlights
- • 10-Year Lease Extension to Commence at Close of Escrow ? Tenant Agreeing to Long Term Commitment to this Location
- • Landlord Friendly Lease Structure ? Triple Net Lease Provides Ownership with Passive Investment
- • Strong Operator with 20+ Year Historical Occupancy ? Tenant has Eight Pain Center Locations and a Surgery Center ? One of the Premier Pain Medicine Providers in Eastern/Central FL
- • Strong Population Growth within Immediate Submarket ? 102,000+ within 5-Mile Radius
- • Annual Rental Increases Provides Hedge Against Inflation ? 3% Annual Rental Increases Scheduled Throughout Current Term
- • Ideal Location Within Two Miles of Advent Health Daytona Beach ? Currently 362 Inpatient Beds Set to Expand to 466 Beds by 2026 ? $220 Million Expansion Began Summer of 2024
Investment Overview
NNN Lease Surgical Center | Largest Pain Medicine Practice in Volusia County
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.