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Single-Tenant Office Medical

OptumHealth (UnitedHealth Group)

5935 7th St, Zephyrhills, FL 33542

Listing Price: $1,773,680

Cap Rate
5.00%
Tenant Name
OptumHealth
Years Remaining On Lease
7.8
Guarantor
Corporate Guarantee
Rentable SF
5,785
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.33

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a net-leased medical facility located in Zephyrhills, Florida. The property consists of 5,785 square feet of net leasable area and is situated on just under an acre parcel of land. The tenant, OptumHealth, is subject to a triple-net long-term lease with three, five-year options to extend and 10 percent rental increases every five years. Zephyrhills is a suburb of the Tampa Bay Metropolitan Statistical Area, situated about 30 miles northeast of Tampa. The city is commonly known as the source for Zephyrhills® Brand Natural Spring Water. It is also a popular skydiving destination. OptumHealth is part of UnitedHealth Group Inc (NYSE:UNH). Optum Florida and its affiliates have more than 150 primary care offices, making it central and south Florida's largest provider of primary health care services. As of January 2021, S&P Global Ratings affirmed the A+ issuer credit rating of UnitedHealth Group Inc and the AA- issuer credit and financial strength ratings of the company's core operating subsidiaries.

Investment Highlights

  • Corporate Guaranty by UnitedHealth Group Inc – S&P "A+" Credit Rating
  • Triple-Net Lease – Zero Landlord Responsibilities
  • Scheduled Rent Increases of 10% Every Five Years
  • Dense Population of 48,000+ Within Three-Mile Radius
  • UnitedHealth Group is the Largest Healthcare Company by Market Cap
  • Tenant Invested Approximately $600k in Building Renovation (2019)
  • 1.4 Miles Away From AdventHealth Hospital – 149 Beds
  • Long Term Lease With Eight Years of Primary Term Remaining

Exclusively Listed By

Single-Tenant Office Medical

OptumHealth (UnitedHealth Group)

Listing Price: $1,773,680

Cap Rate
5.00%
Tenant Name
OptumHealth
Years Remaining On Lease
7.8
Guarantor
Corporate Guarantee
Rentable SF
5,785
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.33

Investment Highlights

  • Corporate Guaranty by UnitedHealth Group Inc – S&P "A+" Credit Rating
  • Triple-Net Lease – Zero Landlord Responsibilities
  • Scheduled Rent Increases of 10% Every Five Years
  • Dense Population of 48,000+ Within Three-Mile Radius
  • UnitedHealth Group is the Largest Healthcare Company by Market Cap
  • Tenant Invested Approximately $600k in Building Renovation (2019)
  • 1.4 Miles Away From AdventHealth Hospital – 149 Beds
  • Long Term Lease With Eight Years of Primary Term Remaining

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a net-leased medical facility located in Zephyrhills, Florida. The property consists of 5,785 square feet of net leasable area and is situated on just under an acre parcel of land. The tenant, OptumHealth, is subject to a triple-net long-term lease with three, five-year options to extend and 10 percent rental increases every five years. Zephyrhills is a suburb of the Tampa Bay Metropolitan Statistical Area, situated about 30 miles northeast of Tampa. The city is commonly known as the source for Zephyrhills® Brand Natural Spring Water. It is also a popular skydiving destination. OptumHealth is part of UnitedHealth Group Inc (NYSE:UNH). Optum Florida and its affiliates have more than 150 primary care offices, making it central and south Florida's largest provider of primary health care services. As of January 2021, S&P Global Ratings affirmed the A+ issuer credit rating of UnitedHealth Group Inc and the AA- issuer credit and financial strength ratings of the company's core operating subsidiaries.

Exclusively Listed By

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