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National Spine & Pain Centers 4035 Evans Ave 13,044 SF Office Building Fort Myers, FL 33901 $12,095,221 CAD ($927.26 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Extensive Tenant Investment: The property is secured by a long term lease, demonstrating the tenant’s long-term commitment to the location
- High-Cost Medical Buildout: The property is purpose-built for a specialty ASC center with five operating.
- Healthcare Demand from Aging Demographics: Southwest Florida has one of the highest concentrations of retirees in the United States.
- Absolute NNN Lease with Built-In Rent Growth: The property operates under an absolute NNN lease, providing passive ownership
- Strong Southwest Florida Population Growth: Fort Myers and the surrounding Lee County region continue to experience significant population growth
Executive Summary
Matthews Real Estate Investment Services is pleased to exclusively present the opportunity to acquire an absolute net lease five OR ASC in Fort Myers, Florida, occupied by National Spine & Pain Centers, one of the largest pain management providers in the United States. The property is secured by a long-term lease following the tenant’s multi-million-dollar investment into the facility, demonstrating a strong commitment to the location.
The investment offers passive ownership through an absolute NNN lease structure, with the tenant responsible for maintenance, taxes, insurance, and major capital expenditures. Annual rental increases provide built-in income growth and a hedge against inflation, creating predictable long-term cash flow for investors.
Strategically located in Fort Myers within the rapidly growing Southwest Florida region, the property benefits from strong demographic fundamentals and continued in-migration from across the country. Southwest Florida also has one of the highest concentrations of residents over the age of 65 in the United States, a demographic that utilizes orthopedic, spine, and pain management services at significantly higher rates.
National Spine & Pain Centers operates more than 70 outpatient clinics across 25+ states and provides comprehensive pain management, orthopedic, and spine care services. The group’s physician-led model focuses on non-opioid treatment solutions, minimally invasive procedures, and advanced diagnostics delivered by more than 120 board-certified specialists. The essential nature of these services, combined with the region’s aging population and continued population growth, supports strong long-term demand and reinforces the stability of the tenant and the investment.
The investment offers passive ownership through an absolute NNN lease structure, with the tenant responsible for maintenance, taxes, insurance, and major capital expenditures. Annual rental increases provide built-in income growth and a hedge against inflation, creating predictable long-term cash flow for investors.
Strategically located in Fort Myers within the rapidly growing Southwest Florida region, the property benefits from strong demographic fundamentals and continued in-migration from across the country. Southwest Florida also has one of the highest concentrations of residents over the age of 65 in the United States, a demographic that utilizes orthopedic, spine, and pain management services at significantly higher rates.
National Spine & Pain Centers operates more than 70 outpatient clinics across 25+ states and provides comprehensive pain management, orthopedic, and spine care services. The group’s physician-led model focuses on non-opioid treatment solutions, minimally invasive procedures, and advanced diagnostics delivered by more than 120 board-certified specialists. The essential nature of these services, combined with the region’s aging population and continued population growth, supports strong long-term demand and reinforces the stability of the tenant and the investment.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
13,044 SF
Building Class
B
Year Built/Renovated
1984/2022
Price
$12,095,221 CAD
Price Per SF
$927.26 CAD
Cap Rate
6.50%
NOI
$786,189 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,044 SF
Building FAR
0.22
Lot Size
1.39 AC
Zoning
CI - Commercial - Commercial
Parking
65 Spaces (4.98 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Health Care and Social Assistance
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Surgery Partners est l'un des principaux exploitants d'installations chirurgicales et de services auxiliaires avec de nombreux emplacements à l'échelle nationale. Ils offrent des expériences de soins de santé intégrées exceptionnelles entre les fournisseurs et les patients. Leur entreprise diversifiée exploite plusieurs types de services de soins de santé visant à améliorer la qualité des soins de manière pratique et rentable. Le soutien de leurs services auxiliaires est l'un des nombreux attributs uniques qui les différencient de leurs concurrents. Ces services comprennent des cabinets médicaux multispécialisés et des services d'anesthésie.
- National Spine and Pain Centers
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - | ||
| National Spine and Pain Centers | - | - | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 36-44-24-P3-00800.001A | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,392,796 CAD |
Property Taxes
Parcel Number
36-44-24-P3-00800.001A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,392,796 CAD
Contacts
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Jake Allen -
Ryan Burke -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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National Spine & Pain Centers | 4035 Evans Ave
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