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Office Medical

Riverchase Dermatology

1122 Druid Rd, Clearwater, FL 33756

Listing Price: $1,500,000

Cap Rate
7.46%
Gross SF
7,221
Rentable SF
7,221
Price/Gross SF
$207.73
Occupancy
100.0%
Year Built
1979
Lot Size
0.80 acres

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire this single tenant medical office in Clearwater, Florida. The property is leased to Riverchase Dermatology, a regional operator with over 30 locations. The practice is well established and has been at this location for over 40 years. The property is well located in densely populated Pinellas County, just over 1 mile from Morton Plant Hospital and in a strong medical corridor with over 2 million square feet of medical office with a low vacancy rate of less than 5% in a three mile radius. The property is located in an Opportunity Zone. The tenant is responsible for expenses net of property insurance, as well as interior repair and maintenance.

Investment Highlights

  • Located in an Opportunity Zone
  • Long Term Established Tenant
  • Pinellas County is the Most Densely Populated County in Florida

Exclusively Listed By

Office Medical

Riverchase Dermatology

Listing Price: $1,500,000

Cap Rate
7.46%
Gross SF
7,221
Rentable SF
7,221
Price/Gross SF
$207.73
Occupancy
100.0%
Year Built
1979
Lot Size
0.80 acres

Investment Highlights

  • Located in an Opportunity Zone
  • Long Term Established Tenant
  • Pinellas County is the Most Densely Populated County in Florida

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire this single tenant medical office in Clearwater, Florida. The property is leased to Riverchase Dermatology, a regional operator with over 30 locations. The practice is well established and has been at this location for over 40 years. The property is well located in densely populated Pinellas County, just over 1 mile from Morton Plant Hospital and in a strong medical corridor with over 2 million square feet of medical office with a low vacancy rate of less than 5% in a three mile radius. The property is located in an Opportunity Zone. The tenant is responsible for expenses net of property insurance, as well as interior repair and maintenance.

Exclusively Listed By

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