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Single-Tenant Office Medical

Optum - UnitedHealth Group (NYSE: UNH)

3356 49th St N, St. Petersburg (Tampa MSa), FL 33710

Listing Price: $4,266,000

Cap Rate
5.15%
Tenant Name
Optum
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
5,635
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.98

Investment Overview

Marcus & Millichap is pleased to present the Optum (UnitedHealth Group) in St. Petersburg, Florida.

Investment Highlights

  • New 10-Year Modified NNN Lease, 10% Rental Increases Every 5 Years in Base Term
  • Guaranteed by UnitedHealth (NYSE: UNH), Rated A+ by S&P and Ranked 5th on Fortune 500
  • Relocation of High-Performing Facility Nearby, Primary Care Prototype with Two Providers
  • Brand New High-Quality Construction, Minimal Landlord Responsibilities
  • Serving Over 306,000 Residents in Established Suburb, Situated in the Most Densely Populated County in Florida
  • Close Proximity to Award-Winning Hospitals, HCA Florida St. Petersburg Hospital and HCA Florida Northside Hospital
  • Across from High-Volume Publix Anchored Center, Publix Rebuilt Store in 2018 to Latest Prototype
  • Highly Visible to Over 40,400 Cars/Day Along Major Commercial Artery

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Single-Tenant Office Medical

Optum - UnitedHealth Group (NYSE: UNH)

Listing Price: $4,266,000

Cap Rate
5.15%
Tenant Name
Optum
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
5,635
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.98

Investment Highlights

  • New 10-Year Modified NNN Lease, 10% Rental Increases Every 5 Years in Base Term
  • Guaranteed by UnitedHealth (NYSE: UNH), Rated A+ by S&P and Ranked 5th on Fortune 500
  • Relocation of High-Performing Facility Nearby, Primary Care Prototype with Two Providers
  • Brand New High-Quality Construction, Minimal Landlord Responsibilities
  • Serving Over 306,000 Residents in Established Suburb, Situated in the Most Densely Populated County in Florida
  • Close Proximity to Award-Winning Hospitals, HCA Florida St. Petersburg Hospital and HCA Florida Northside Hospital
  • Across from High-Volume Publix Anchored Center, Publix Rebuilt Store in 2018 to Latest Prototype
  • Highly Visible to Over 40,400 Cars/Day Along Major Commercial Artery

Investment Overview

Marcus & Millichap is pleased to present the Optum (UnitedHealth Group) in St. Petersburg, Florida.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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