MainStreet Family Care | 1702 Ohio Ave N
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MainStreet Family Care 1702 Ohio Ave N
3,200 SF Office Building Live Oak, FL 32064 $2,290,000 ($716/SF) 5.23% Cap Rate
Executive Summary
MainStreet Urgent Care was recently built in 2023
14 Years Remain on Triple Net Lease with Zero Landlord Responsibilities
10% rent increases every five years during the base term and options
The Lease is guaranteed by Rural Urgent Care, LLC, the parent entity of the +60-unit network doing business as MainStreet Urgent Care
Live Oak is a well-positioned, northern Florida market equidistant from both Tallahassee and Jacksonville, FL
14 Years Remain on Triple Net Lease with Zero Landlord Responsibilities
10% rent increases every five years during the base term and options
The Lease is guaranteed by Rural Urgent Care, LLC, the parent entity of the +60-unit network doing business as MainStreet Urgent Care
Live Oak is a well-positioned, northern Florida market equidistant from both Tallahassee and Jacksonville, FL
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,200 SF
Building Class
B
Year Built
2023
Price
$2,290,000
Price Per SF
$716
Cap Rate
5.23%
NOI
$119,820
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,200 SF
Building FAR
0.07
Lot Size
1.12 AC
Zoning
MIXED USE - Mixed Use
Parking
24 Spaces (7.5 Spaces per 1,000 SF Leased)
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- MainStreet Urgent Care
- Health Care and Social Assistance
- 3,200 SF
- $37.44
- Triple Net
- May 2038
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| MainStreet Urgent Care | Health Care and Social Assistance | 3,200 SF | $37.44 | Triple Net | May 2038 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $835,074 | |
| Land Assessment | $810,877 | Total Assessment | $1,645,951 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$810,877
Improvements Assessment
$835,074
Total Assessment
$1,645,951
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MainStreet Family Care | 1702 Ohio Ave N
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