Single-Tenant Office Medical

Pasadena Surgery Center - 20 YR NNN Sale-Leaseback

6950 Central Ave, St. Petersburg, FL 33707

Listing Price: $5,945,000

Cap Rate
6.50%
Tenant Name
Pasadena Surgery Center
Guarantor
Corporate Guarantee
Rentable SF
13,015
Lease Type
Absolute Net
Rent Per Square Feet
$29.69

Investment Overview

Pasadena Eye Center has served the Tampa Bay area for more than 30 years, since 1984, providing care to a range of patients, from adolescents to the elderly. In 2007, Pasadena Surgery Center opened, offering patients the convenience of one-day surgery. The Pasadena Eye Center consists of approximately an 8,000-square-foot Ophthalmology Practice and a 5,000-square-foot Surgery Center.

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Lease with Pasadena Surgery Center - Brand New 20 Year Term
  • Strong Revenue and Profitability at Subject Location - 30 Year Operating History
  • Seven and a Half Percent Rental Increases Every Five Years
  • Tenant is One of The Largest Vision Platforms in the St. Pete/Tampa Area - 15 Locations
  • Excellent Visibility Along Central Avenue (Over 20,500 Cars Per Day)

Exclusively Listed By

Single-Tenant Office Medical

Pasadena Surgery Center - 20 YR NNN Sale-Leaseback

Listing Price: $5,945,000

Cap Rate
6.50%
Tenant Name
Pasadena Surgery Center
Guarantor
Corporate Guarantee
Rentable SF
13,015
Lease Type
Absolute Net
Rent Per Square Feet
$29.69

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Lease with Pasadena Surgery Center - Brand New 20 Year Term
  • Strong Revenue and Profitability at Subject Location - 30 Year Operating History
  • Seven and a Half Percent Rental Increases Every Five Years
  • Tenant is One of The Largest Vision Platforms in the St. Pete/Tampa Area - 15 Locations
  • Excellent Visibility Along Central Avenue (Over 20,500 Cars Per Day)

Investment Overview

Pasadena Eye Center has served the Tampa Bay area for more than 30 years, since 1984, providing care to a range of patients, from adolescents to the elderly. In 2007, Pasadena Surgery Center opened, offering patients the convenience of one-day surgery. The Pasadena Eye Center consists of approximately an 8,000-square-foot Ophthalmology Practice and a 5,000-square-foot Surgery Center.

Exclusively Listed By

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