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310 Longview Ave 7,580 SF Office Building Lady Lake, FL 32159 $5,043,492 CAD ($665.37 CAD/SF) 6.42% Cap Rate
Executive Summary
Long-Term Corporate Medical Net Lease
Hembree & Associates is pleased to present the opportunity to acquire a mission-critical medical outpatient facility 100% leased to Fresenius Medical Care (S&P: BBB-), the world’s leading provider of renal care services. Located at 310 Longview Avenue in Lady Lake, Florida, this asset offers an investor the rare opportunity to own a specialized medical property in the immediate orbit of The Villages®, the fastest-growing metropolitan area and the largest retirement community in the United States.
Superior Lease Fundamentals & Yield
With a lease running through 2032, this investment provides long-term cash flow stability from an Investmentgrade tenant. The offering is priced at a 6.42% Cap Rate based on the Year-End (EOY) base rent, providing a superior risk-adjusted yield compared to standard retail net-lease assets. The "recession-proof" nature of dialysis services, combined with Florida’s favorable tax climate, makes this a premier "buy-and-hold" cornerstone for any portfolio.
Hembree & Associates is pleased to present the opportunity to acquire a mission-critical medical outpatient facility 100% leased to Fresenius Medical Care (S&P: BBB-), the world’s leading provider of renal care services. Located at 310 Longview Avenue in Lady Lake, Florida, this asset offers an investor the rare opportunity to own a specialized medical property in the immediate orbit of The Villages®, the fastest-growing metropolitan area and the largest retirement community in the United States.
Superior Lease Fundamentals & Yield
With a lease running through 2032, this investment provides long-term cash flow stability from an Investmentgrade tenant. The offering is priced at a 6.42% Cap Rate based on the Year-End (EOY) base rent, providing a superior risk-adjusted yield compared to standard retail net-lease assets. The "recession-proof" nature of dialysis services, combined with Florida’s favorable tax climate, makes this a premier "buy-and-hold" cornerstone for any portfolio.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
7,580 SF
Building Class
A
Year Built
2017
Price
$5,043,492 CAD
Price Per SF
$665.37 CAD
Cap Rate
6.42%
NOI
$323,792 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,580 SF
Building FAR
0.12
Lot Size
1.44 AC
Zoning
HC - Highway Commercial
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 28-18-24-0061-000-00400 | Improvements Assessment | $2,012,532 CAD |
| Land Assessment | $687,914 CAD | Total Assessment | $2,700,446 CAD |
Property Taxes
Parcel Number
28-18-24-0061-000-00400
Land Assessment
$687,914 CAD
Improvements Assessment
$2,012,532 CAD
Total Assessment
$2,700,446 CAD
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310 Longview Ave
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