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8690 Point Cypress Dr, Orlando, FL, 32836

8690 POINT CYPRESS DR
yes

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Highlights

INVESTMENT HIGHLIGHTS

TENANT LEASE STRUCTURE

PASSIVE LEASE STRUCTURE
With both tenants on net lease structures, the property offers a passive setup that provides owners with an easy-to-manage asset and predictable cash flow.

TENANT COMMITMENT
As both of the initial tenants at the site, and with a combined $1.6 million of their own practice capital invested, the tenants are deeply committed to the location—evidenced by their recent decision to renew and extend their current leases.

ANNUAL INCREASES
Both leases incorporate 2% or 3% annually compounding rental increases, offering investors a robust hedge against inflation and an increasing average annual return throughout ownership.

HIGH-INCOME MARKET ALIGNMENT
Both tenants deliver premium, physician-led care in boutique settings, appealing to affluent patients seeking personalized services like cosmetic dermatology and advanced gynecology. Their substantial site investment underscores long-term commitment and aligns with high-end clientele expectations for modern, upscale medical environments.

PROPERTY HIGHLIGHTS

MODERN CONSTRUCTION
Built in 2021, the property offers contemporary construction standards, reducing near-term capital expenditure requirements and allowing an owner to enjoy a hands-off investment.

MAJOR ROAD FRONTAGE
Located directly on South Apopka Vineland Road, a roadway that connects areas including Winter Garden, Windermere, and Southwest Orlando and sees 30.5K VPDs, the property benefits from strong visibility and high traffic counts.

STATE-OF-THE-ART FACILITY
Featuring high-end finishes, modern medical buildouts, and a wellmaintained exterior, the property presents as a best-in-class asset that appeals to discerning healthcare tenants and patients alike, reinforcing its position as a premier medical destination in the Dr. Phillips market.

LOCATION HIGHLIGHTS

HOSPITAL PROXIMITY
Located near Orlando Health Dr. P. Phillips Hospital, the subject property is well positioned to serve the immediate residential community while also benefiting from strong referral potential from the hospital and neighboring medical operators.

DENSE RESIDENTIAL SURROUNDINGS
The subject property is closely surrounded by various neighborhoods and schools, providing an ideal location for medical providers to serve the more than 144,000 residents within a five-mile radius.

AFFLUENT AREA
Located in affluent Dr. Phillips, where the average household income is approximately $250K and home values average $850K within a one-mile radius, this area offers a strong, cash-positive patient base—boosting practice profitability and strengthening investment security.

TAX-FREE STATE
In the “Sunshine State” of Florida, the property benefits from strong real estate fundamentals and its Florida location. Florida, the third most populous state in the U.S. and one of the fastest-growing, increases the probability of buyer demand with no state income tax during ownership. expectations for modern, upscale medical environments.

TOURISM DESTINATION
As a concentrated tourism corridor in Orlando, the subject property benefits from the intrinsic value of this highly sought-after market, driven by its popularity as one of the most visited areas in the country, with an average of 74M annual visitors.

SCARCE INVENTORY
There is a limited availability of useable land in Orlando, causing this to be a rare opportunity to acquire a sizable plot in this growing market

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203

Key Information

Cap Rate
6.5%
$ per SF
$434
Tot. SF
12,211
Term Remaining
±5.25 Yrs
Type
Healthcare
NOI
$344,647