Description
Fully leased, single-tenant medical office occupied by Millennium Medical on a NNN lease with annual rent escalations and two 2-year renewal options — a passive, inflation-hedged income stream with no landlord responsibility for taxes, insurance, or maintenance.
The purpose-built medical layout includes seven exam rooms, three private physician offices, a dedicated lab, and a staff kitchen/lounge. Three new HVAC systems were recently installed, eliminating the largest near-term capital expense a buyer would otherwise face.
At $315/SF with in-place NNN rent of $18.78/SF, the property offers durable cash flow with built-in growth in Palmetto’s expanding Manatee County medical corridor.
Address
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Address: 506 4TH W AVENUE
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City: Palmetto
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State/county: FL
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Zip/Postal Code: 34221
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Country: US
Details
Atualizado em agosto 24, 2026 no 5:31 pm-
Property ID A4703877
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Price $1,000,000
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Property Size 3213 m²
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Land Area 0.6 m²
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Garage Size x x
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Year Built 1978
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Property Type Medical Office, Commercial Sale
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Property Status Active, For Sale
Additional details
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Roof Shingle
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Utilities Electricity Available
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Cooling Central Air
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County Manatee
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Property Type Commercial Sale
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Down Payment
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees