Confidentiality Agreement

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Coastal Vascular & Interventional

332 Medcrest Drive, Crestview, FL, 32536
For Sale

Property Details

  • Price: $3,100,000
  • Property Type: Healthcare
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 6.13%
  • Lot Size: 0.88 AC
  • Lease Type: Absolute NNN
  • Lease Term: 15 years
  • Year Built: 2005
  • Tenancy: Single Tenant
  • Available SF: 7,337 SF
  • Year Renovated: 2023

Property Description

SECURE INCOME STREAM

  • New 15-Year Absolute NNN Lease – Rare 2% Annual Increases, Zero Landlord Responsibilities
  • Renovated in 2023 – Brand New Roof with 20-Year Warranty
  • Tenant Recently Acquired by Subsidiary of OptumCare – Affiliate of Optum, Inc. and Subsidiary of UnitedHealth Group, Inc. (NYSE: UNH)
  • Optum, Inc. is a Healthcare Company – Providing Technology Services, Pharmacy Care Services and Various Direct Healthcare Services
  • Management Free, Passive Investment – No State Income Tax
  • Medcrest Drive is a Medical Planned Community – Loops to the North Okaloosa Hospital, the Nuclear Center for Medical Services and Largest Hospital in Crestview

PROXIMITY

  • Just off Main Retail Corridor – Excellent Access to 51,100 VPD
  • Adjacent to Publix Anchored Center – National Tenants in the Area Include Walmart, Lowe’s, Chipotle, Aldi, Starbucks, Dunkin’, Walgreens and Others
  • 58,069 Residents in Primary Trade Area – With an Average Household Income of $93,509
  • 51,127 Total Daytime Population
  • Just off Interstate 10 – Direct Access to Pensacola and Tallahassee with 18,600 VPD
  • Located in Heart of Florida Panhandle – Accessible to Major Cities such as Fort Walton Beach (25 miles), Destin (33 miles) and Pensacola (50 miles)

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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