Skip to main content

Single-Tenant Office Medical

The Rayus Radiology Building

2565 S State Rd 7, Wellington, FL 33414

Listing Price: $5,125,000

Cap Rate
5.75%
Tenant Name
Rayus Radiology
Years Remaining On Lease
7.8
Gross SF
7,460
Guarantor
Limited Corporate Guarantee
Rentable SF
7,460
Price/Gross SF
$687.00
Lease Type
Absolute Net
Rent Per Square Feet
$39.41

Investment Overview

Marcus and Millichap is pleased to present The Rayus Radiology Building, a state of the art, single tenant 7,460 square foot medical building located at 2565 S. State Road 7 in Wellington, Florida. Ideally located as an outparcel to The Mall at Wellington Green, a super-regional 1,275,000 square foot mall and surrounded by national retailers such as Whole Foods, AT&T, Trader Joe’s, Publix, Ashley Furniture, and many more and is within 1 mile of the Wellington Regional Medical Center (a 235 bed facility). Situated on .48 acres, in an extremely high barrier of entry marketplace, Rayus has
successfully operated in this location since 2009 (formerly Diagnostic Centers of America acquired by Rayus in 2021) on a long-term absolute triple net lease with 3% annual rent increases thru in December 2031. The final 5 years of the lease is to be determined by fair market value which is significantly higher than the current rent.

Rayus Radiology has been in operation for 40+ years and is a national provider of high-quality diagnostic imaging and interventional radiology thru its 153 locations and 200+ hospital partnerships and solutions in 50 States and Canada.

The Rayus Radiology Building is an extremely rare opportunity to acquire a single tenant medical asset on a long-term lease with annual rent increases, significant upside, no management responsibility whatsoever, with a leading national recognized tenant in an extraordinary location.

Investment Highlights

  • Absolute Triple Net Lease in Extremely High Barrier of Entry Market Place with 6.09 % Increase in First Year of Ownership
  • Rayus Radiology has Operated in this Location Since 2009 and has Millions of Dollars Invested in the Asset
  • Three Percent Annual Rent Increases and Last Five Years of Lease are at Fair Market Value

Exclusively Listed By

Financing By

Single-Tenant Office Medical

The Rayus Radiology Building

Listing Price: $5,125,000

Cap Rate
5.75%
Tenant Name
Rayus Radiology
Years Remaining On Lease
7.8
Gross SF
7,460
Guarantor
Limited Corporate Guarantee
Rentable SF
7,460
Price/Gross SF
$687.00
Lease Type
Absolute Net
Rent Per Square Feet
$39.41

Investment Highlights

  • Absolute Triple Net Lease in Extremely High Barrier of Entry Market Place with 6.09 % Increase in First Year of Ownership
  • Rayus Radiology has Operated in this Location Since 2009 and has Millions of Dollars Invested in the Asset
  • Three Percent Annual Rent Increases and Last Five Years of Lease are at Fair Market Value

Investment Overview

Marcus and Millichap is pleased to present The Rayus Radiology Building, a state of the art, single tenant 7,460 square foot medical building located at 2565 S. State Road 7 in Wellington, Florida. Ideally located as an outparcel to The Mall at Wellington Green, a super-regional 1,275,000 square foot mall and surrounded by national retailers such as Whole Foods, AT&T, Trader Joe’s, Publix, Ashley Furniture, and many more and is within 1 mile of the Wellington Regional Medical Center (a 235 bed facility). Situated on .48 acres, in an extremely high barrier of entry marketplace, Rayus has successfully operated in this location since 2009 (formerly Diagnostic Centers of America acquired by Rayus in 2021) on a long-term absolute triple net lease with 3% annual rent increases thru in December 2031. The final 5 years of the lease is to be determined by fair market value which is significantly higher than the current rent. Rayus Radiology has been in operation for 40+ years and is a national provider of high-quality diagnostic imaging and interventional radiology thru its 153 locations and 200+ hospital partnerships and solutions in 50 States and Canada. The Rayus Radiology Building is an extremely rare opportunity to acquire a single tenant medical asset on a long-term lease with annual rent increases, significant upside, no management responsibility whatsoever, with a leading national recognized tenant in an extraordinary location.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower