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436 Nokomis Ave SVenice, FL 34285
Surgery Center Sale-Leaseback
Asset ClassOffice, Healthcare Facility
Surgery Center Sale-Leaseback
overview of deal

Overview

436 Nokomis Avenue S presents an opportunity to acquire a 3,418-square-foot medical office property in Venice, Florida, with a short-term sale-leaseback structure designed to provide the buyer with time to reposition the asset. At closing, the existing physician owner is willing to enter into a six-month to one year triple-net (NNN) lease, allowing him time to wind down and relocate his practice while providing the new ownership with continued rental income during the transition. The physician intends to vacate the property no later than the end of the leaseback period, effectively giving the buyer up to one year to market the property and secure a new medical tenant while the building remains occupied and income-producing. The property features an existing medical buildout consisting of five private offices, four exam rooms, a lab, procedure room, general-purpose space, break room, storage closet, lobby, and reception area. Following the physician's departure, the property will be delivered vacant, creating an opportunity for an investor or future owner-user to reposition the building, secure a long-term replacement tenant, or ultimately occupy the property.

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Investment Highlights

  • 3,418-square-foot medical office property in Venice, Florida
  • Short-term six-month to one-year sale-leaseback at closing
  • Triple-net (NNN) lease structure during the leaseback period
  • Existing physician will remain in place while winding down and relocating the practice
  • Provides new ownership with up to one year of rental income while marketing the property for lease
  • Opportunity to secure a replacement medical tenant prior to the existing physician vacating
  • Property to be delivered vacant following the expiration of the sale-leaseback
  • Flexibility for an investor to re-lease the property or an owner-user to occupy the building
  • Existing medical buildout consisting of five private offices, four exam rooms, a lab,procedure room, general-purpose space, break room, storage closet, lobby, and reception area
  • Established medical office use with a functional layout for a variety of healthcare users
  • Located in the desirable Venice, Florida market
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436 Nokomis Ave SVenice, FL 34285

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