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Office Medical

City Surgery Center - Absolute NNN Lease with Annual Increases

201 N Pine Island Rd. Plantation, FL 33324, Plantation, FL 33324

Listing Price: $14,239,863

Cap Rate
5.85%
Gross SF
15,052
Rentable SF
15,052
Price/Gross SF
$946.04
Occupancy
100.0%
Year Built
2005
Lot Size
0.92 acres

Investment Overview

Absolute Triple Net Lease Structure
Allows for Passive Ownership

New 10-Year Lease Executed in May 2025
Features One Ten-Year Option to Renew

Beneficial Rental Increase Schedule Provides Cash Flow Growth and Appreciation
3% Annual Increases Throughout Base Term and Option Period

Established Practice with Strong Guarantor Financial Performance
Multiple Company Guarantee Structure Nearly $25MM Net Income Securing Lease
Location is Responsible for Nearly Half of Total Revenue of Company Across Eight Locations
Exceptionally Low Rent/Revenue for Individual Location at 3.9% for FY-2025

Ample Physician Count with Multiple Specialties
Five Surgeons Offering Services in Neurology, Orthopedics, and Spine

Immediate Area Features Consistent Population Growth and Strong Economic Demos
387,000+ People within 5-Mile Radius Average Household Income of $113,000+ within 1 Mile Radius

Significant Cap Ex Taking Place of $130,000+
New Roof, Paint and Stucco of Exterior Parking Overlay, Seal and Stripe

Major Medical and Commerce Sector of Broward County
Baptist Health Wellness & Medical Complex: This 112,000 SF, Four-Story Facility is Baptist Health’s Largest in Broward County

Houses an Urgent Care Center and Specialized Care for Cardiology, Orthopedics, and Cancer

HCA Florida Westside Hospital: A major full-service, 250-bed hospital providing a wide range of emergency, surgical, and specialized medical services

UHealth Plantation (University of Miami Health System): Brings top-tier Miami-based specialists to central Broward. It is home to the Bascom Palmer Eye Institute (the nation's top-ranked eye hospital) and the Sylvester Comprehensive Cancer Center

Investment Highlights

  • Absolute Triple Net Lease Structure Allows for Passive Ownership
  • New 10-Year Lease Executed in May 2025 Features One Ten-Year Option to Renew
  • Beneficial Rental Increase Schedule Provides Cash Flow Growth and Appreciation 3% Annual Increases Throughout Base Term and Option Period
  • Established Practice with Strong Guarantor Financial Performance Multiple Company Guarantee Structure Nearly $25MM Net Income Securing Lease Location is Responsible for Nearly Half of Total Revenue of Company Across Eight Locations Exceptionally Low Rent/Revenue for Individual Location at 3.9% for FY-2025
  • Ample Physician Count with Multiple Specialties Five Surgeons Offering Services in Neurology, Orthopedics, and Spine
  • Immediate Area Features Consistent Population Growth and Strong Economic Demos 387,000+ People within 5-Mile Radius Average Household Income of $113,000+ within 1 Mile Radius
  • Significant Cap Ex Taking Place of $130,000+ New Roof, Paint and Stucco of Exterior Parking Overlay, Seal and Stripe
  • Major Medical and Commerce Sector of Broward County Baptist Health Wellness & Medical Complex: This 112,000 SF, Four-Story Facility is Baptist Health's Largest in Broward County Houses an Urgent Care Center and Specialized Care for Cardiology, Orthopedics, and Cancer HCA Florida Westside Hospital: A major full-service, 250-bed hospital providing a wide range of emergency, surgical, and specialized medical services UHealth Plantation (University of Miami Health System): Brings top-tier Miami-b

Exclusively Listed By

Financing By

Office Medical

City Surgery Center - Absolute NNN Lease with Annual Increases

Listing Price: $14,239,863

Cap Rate
5.85%
Gross SF
15,052
Rentable SF
15,052
Price/Gross SF
$946.04
Occupancy
100.0%
Year Built
2005
Lot Size
0.92 acres

Investment Highlights

  • Absolute Triple Net Lease Structure Allows for Passive Ownership
  • New 10-Year Lease Executed in May 2025 Features One Ten-Year Option to Renew
  • Beneficial Rental Increase Schedule Provides Cash Flow Growth and Appreciation 3% Annual Increases Throughout Base Term and Option Period
  • Established Practice with Strong Guarantor Financial Performance Multiple Company Guarantee Structure Nearly $25MM Net Income Securing Lease Location is Responsible for Nearly Half of Total Revenue of Company Across Eight Locations Exceptionally Low Rent/Revenue for Individual Location at 3.9% for FY-2025
  • Ample Physician Count with Multiple Specialties Five Surgeons Offering Services in Neurology, Orthopedics, and Spine
  • Immediate Area Features Consistent Population Growth and Strong Economic Demos 387,000+ People within 5-Mile Radius Average Household Income of $113,000+ within 1 Mile Radius
  • Significant Cap Ex Taking Place of $130,000+ New Roof, Paint and Stucco of Exterior Parking Overlay, Seal and Stripe
  • Major Medical and Commerce Sector of Broward County Baptist Health Wellness & Medical Complex: This 112,000 SF, Four-Story Facility is Baptist Health's Largest in Broward County Houses an Urgent Care Center and Specialized Care for Cardiology, Orthopedics, and Cancer HCA Florida Westside Hospital: A major full-service, 250-bed hospital providing a wide range of emergency, surgical, and specialized medical services UHealth Plantation (University of Miami Health System): Brings top-tier Miami-b

Investment Overview

Absolute Triple Net Lease Structure Allows for Passive Ownership New 10-Year Lease Executed in May 2025 Features One Ten-Year Option to Renew Beneficial Rental Increase Schedule Provides Cash Flow Growth and Appreciation 3% Annual Increases Throughout Base Term and Option Period Established Practice with Strong Guarantor Financial Performance Multiple Company Guarantee Structure Nearly $25MM Net Income Securing Lease Location is Responsible for Nearly Half of Total Revenue of Company Across Eight Locations Exceptionally Low Rent/Revenue for Individual Location at 3.9% for FY-2025 Ample Physician Count with Multiple Specialties Five Surgeons Offering Services in Neurology, Orthopedics, and Spine Immediate Area Features Consistent Population Growth and Strong Economic Demos 387,000+ People within 5-Mile Radius Average Household Income of $113,000+ within 1 Mile Radius Significant Cap Ex Taking Place of $130,000+ New Roof, Paint and Stucco of Exterior Parking Overlay, Seal and Stripe Major Medical and Commerce Sector of Broward County Baptist Health Wellness & Medical Complex: This 112,000 SF, Four-Story Facility is Baptist Health’s Largest in Broward County Houses an Urgent Care Center and Specialized Care for Cardiology, Orthopedics, and Cancer HCA Florida Westside Hospital: A major full-service, 250-bed hospital providing a wide range of emergency, surgical, and specialized medical services UHealth Plantation (University of Miami Health System): Brings top-tier Miami-based specialists to central Broward. It is home to the Bascom Palmer Eye Institute (the nation's top-ranked eye hospital) and the Sylvester Comprehensive Cancer Center

Exclusively Listed By

Financing By

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