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8475 Lake Worth Rd

10,898 SF 100% Leased Office Building Lake Worth, FL 33467 $8,000,000 ($734/SF) 4.90% Cap Rate

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Investment Highlights

Brand New Construction; Fresh New 10yr NNN Leases; Signalized Intersection; One Parcel from new Cleveland Clinic Hospital Campus site

Executive Summary

- Brand New Construction 2024 C.O.
- 10,898SF Total SF in 3 buildings (8475 = 3,498SF; 8487 = 3,498SF; 8499 = 3,902SF)
- 6 Tenants (2 each Building) Dentistry; Orthodontics; Optometry; Chiropractic Services; General Contracting; CPA
- Signalized Intersection - 1st light west of FL Turnpike Interchange
- 50,000+ ADT
- 3 Monument Signs
- 10 yr. term, NNN Leases, annual escalators
- Wellington, FL Address
- Metal Roofs (Hip Design) with Gutters
- 5:1,000 Parking Ratio
- NE Corner of Entrance to The Fields (DiVosta 1,000+ home Community)
- Brand New Construction all 4 corners of intersection

Property Facts

Sale Type

Investment NNN

Sale Condition

1031 Exchange

Property Type

Office

Property Subtype

Medical

Building Size

10,898 SF

Building Class

Year Built

2024

Price

$8,000,000

Price Per SF

$734

Cap Rate

4.90%

NOI

$392,000

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Typical Floor Size

10,898 SF

Building FAR

0.16

Lot Size

1.61 AC

Zoning

CL-O - MUPD - Commercial Low Office; MUPD variance approved for Fee Simple building sales

Parking

55 Spaces (5.05 Spaces per 1,000 SF Leased)

Amenities

High Ceilings

Drop Ceiling

Monument Signage

Air Conditioning

MAJOR TENANTS

AlignLife Chiropractic
Health Care and Social Assistance
1,709 SF
$32.50
Triple Net
Aug 2034

Choice Vision Care & Wellness
Health Care and Social Assistance
2,298 SF
$35.00
Triple Net
Jun 2034

My Dentist of Western Lake Worth
Health Care and Social Assistance
1,749 SF
$30.00
Triple Net
Jul 2034

Sawgrass CPA Advisors
Administrative and Support Services
2,200 SF
$33.00
Triple Net
Jan 2034

Worth Kitchen & Bath
Construction
1,200 SF
$33.00
Triple Net
Nov 2034

Young Orthodontics
Health Care and Social Assistance
1,749 SF
$30.00
Triple Net
Jul 2034

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type	Lease End
AlignLife Chiropractic	Health Care and Social Assistance	1,709 SF	$32.50	Triple Net	Aug 2034
Choice Vision Care & Wellness	Health Care and Social Assistance	2,298 SF	$35.00	Triple Net	Jun 2034
My Dentist of Western Lake Worth	Health Care and Social Assistance	1,749 SF	$30.00	Triple Net	Jul 2034
Sawgrass CPA Advisors	Administrative and Support Services	2,200 SF	$33.00	Triple Net	Jan 2034
Worth Kitchen & Bath	Construction	1,200 SF	$33.00	Triple Net	Nov 2034
Young Orthodontics	Health Care and Social Assistance	1,749 SF	$30.00	Triple Net	Jul 2034