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5935 7th St
Zephyrhills, FL 33542 Zephyrhills Area

$1,453,836

Medical For Sale  •  5,785 Sq Ft

Property Details

  • Property Type Medical
  • Total Building Size 5,785 Sq Ft
  • Lot Size 0.23 ac
  • Building Class B
  • Year Built 1986
  • Cap Rate 6.10 %
  • Tenancy Single
  • Zoning FBC3
30 Transit Score
53 Walk Score

Description

7th Street Medical Office Building is situated just off Gall Blvd, the main thoroughfare that runs North/ South through Zephyrhills which has a VPD count of 26,500. The single story, single tenant, building is ideal for a healthcare provider serving Zephyrhills. The building has ingress and egress from both the East and West portions of the site. The parking is 5:1,000 SF and thus allows for high patient intensity. The capital investments by the Owner and Tenant are currently being completed and the 10 year lease commitment is set to commence November 1, 2019.

Highlights

DaVita Medical Group was recently acquired by United Healthcare, a leader in health services
$1,000,000 in capital investments to renovate the property in 2019
5:1,000 SF Parking Ratio allows more patient intake
Tenant has 10% escalation after year 5 with multiple five-year renewal options
NNN lease provides minimal Landlord responsibilities
Close proximity to 150 bed AdventHealth Zephyrhills Hospital

Property Flyers

Financial Summary (Actual)

Net Operating Income: $88,684 (2018)
Cap Rate: 6.10 %

Major Tenants

Tenant SF Occupied Lease End Date
DaVita Medical Group 5,785 SF 8/31/2029

Amenities

  • Air Conditioning
  • Reception

Public Transportation

AirportDriveWalkDistance
Tampa International Airport 55 min - 37.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 29
Type: Surface
Included in Rent: Yes
Brian Breeding 813-440-3715 Cushman & Wakefield
Brian Breeding 813-440-3715 Cushman & Wakefield