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112 Del Prado Blvd, Cape Coral, FL, 33990

Eye Health America
$4,951,088

Key Information

Cap Rate
6.25%
Tot. SF
9,244
Year Built
2020
Term Remaining
±9.5 YRS
Type
Healthcare
NOI
$309,433

Highlights

  • High Caliber Operator – The property is anchored Eye Health America – a leading regional ophthalmology operator with 53 locations across Florida, Georgia, and South Carolina.
  • Long-Term Lease – Investors will benefit from a lease with over nine years of remaining term.
  • NNN Lease – The tenant lease is strategically structured as a NNN lease with tenant responsible for all CAM, insurance, and taxes. This makes this investment opportunity ideal for both local and out-of-state investors.
  • Above Market Rental Escalators – This investment features 3% annual escalators which is above the national average and also serves as a great hedge against inflation.
  • Favorable Depreciation – This investment opportunity offers investors the ability to capture material tax savings by realizing bonus depreciation through a cost segregation analysis. *Investors to confirm with their CPA.
  • Attractive Real Estate – The property features institutional quality finishes offering investors attractive real estate.
  • Tax Free State – Florida is one of nine states with no personal income tax, offering potential tax advantages for investors.
  • Recent Construction – The property is a 2020 vintage, thus offering investors recently constructed real estate thus minimizing the need for major capital improvements in the near future.
  • Amortized Cap Ex Reimbursements – Eye Health America’s lease allows for reimbursement of amortized cap ex costs thus allowing investors to realize a recoupment of capital expenditure outlays.

Photos

Location

Agents

Broker of Record

Kyle Matthews

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