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Single-Tenant Office Medical

Women's Care

1600 Dr M.L.K. Jr St N, St. Petersburg, FL 33704

Listing Price: $4,202,283

Cap Rate
6.00%
Tenant Name
Women’s Care of Florida LLC
Years Remaining On Lease
3.4
Gross SF
4,411
Guarantor
Corporate Guarantee
Rentable SF
4,411
Price/Gross SF
$952.68
Lease Type
Double Net
Rent Per Square Feet
$57.16

Investment Overview

Marcus & Millichap is pleased to present Women’s Care, a truly rare investment opportunity for an investor to purchase a property with a proven track record of success in the market of St. Petersburg, FL. This is a corporate backed lease with a 10-year option to extend which allows an investor to capitalize on a long-term recasting of the lease at the end of the base lease term. Additionally, this property is an essential business making it a recession, pandemic, and e-commerce proof concept. Women’s Care is dedicated to this site long-term because it is one of the original locations and is deeply rooted in the community. It is also located less than 3 miles from Bayfront Baby Place, which offers a broad spectrum of obstetric and neonatal services to ensure the highest level of care for patients and their babies. This prime property has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • Significant Capital Improvements Completed - $375,000 in 2018
  • 10-Year Option - Tenant has a rare 10-year option to extend allowing an investor to capitalize on a long-term recasting of the lease at the end of the base lease term.
  • Annual CPI Increases
  • 246,642 People Within 5 Miles
  • Recession Proof Essential Business
  • E-Commerce Proof Resilient Business
  • Less than 3 Miles from Bayfront Baby Place

Exclusively Listed By

Financing By

Single-Tenant Office Medical

Women's Care

Listing Price: $4,202,283

Cap Rate
6.00%
Tenant Name
Women’s Care of Florida LLC
Years Remaining On Lease
3.4
Gross SF
4,411
Guarantor
Corporate Guarantee
Rentable SF
4,411
Price/Gross SF
$952.68
Lease Type
Double Net
Rent Per Square Feet
$57.16

Investment Highlights

  • Significant Capital Improvements Completed - $375,000 in 2018
  • 10-Year Option - Tenant has a rare 10-year option to extend allowing an investor to capitalize on a long-term recasting of the lease at the end of the base lease term.
  • Annual CPI Increases
  • 246,642 People Within 5 Miles
  • Recession Proof Essential Business
  • E-Commerce Proof Resilient Business
  • Less than 3 Miles from Bayfront Baby Place

Investment Overview

Marcus & Millichap is pleased to present Women’s Care, a truly rare investment opportunity for an investor to purchase a property with a proven track record of success in the market of St. Petersburg, FL. This is a corporate backed lease with a 10-year option to extend which allows an investor to capitalize on a long-term recasting of the lease at the end of the base lease term. Additionally, this property is an essential business making it a recession, pandemic, and e-commerce proof concept. Women’s Care is dedicated to this site long-term because it is one of the original locations and is deeply rooted in the community. It is also located less than 3 miles from Bayfront Baby Place, which offers a broad spectrum of obstetric and neonatal services to ensure the highest level of care for patients and their babies. This prime property has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

Financing By

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