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Located in Lakewood Ranch, Florida, this property presents an exceptional medical office investment opportunity. The Radiation Oncology Center features a true NNN lease structure with monthly rent of $37,784.91, providing stable income with no landlord responsibilities. The occupying tenant is responsible for a portion of the building maintenance, while the condominium association maintains the remaining common areas. The property is offered at a 6% cap rate, generating $453,418.88 in annual NOI, with annual CPI rent increases built into the lease structure. The current tenant, Advocate Radiation Oncology, has two years remaining on the existing lease term along with a five-year renewal option. The tenant has invested and continues to invest significant capital improvements into the space, demonstrating a strong commitment to long-term occupancy. The building is well maintained and features an attractive architectural design, including a charming courtyard area between the two buildings accented by elegant columns. The interior includes a welcoming waiting room, multiple exam rooms, private offices, and a dedicated CT scan room and two radiation vaults designed to support specialized medical services. Strategically located just 1.6 miles from Lakewood Ranch Medical Center, the property benefits from proximity to a major healthcare hub, supporting continued referral opportunities, collaboration with nearby providers, and sustained patient demand for the tenant.
| DAYS ON MARKET | 23 | LAST UPDATED | 4/1/2026 |
|---|---|---|---|
| TRACT | PROFESSIONAL CENTER AT LAKEWOOD R 8, 9&10 | YEAR BUILT | 2009 |
| COMMUNITY | 34202 - Bradenton/Lakewood Ranch/Lakewood Rch | COUNTY | Manatee |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 34202 - Bradenton/Lakewood Ranch/Lakewood Rch |
| CONSTRUCTION | Stucco |
| LOT | 7841 sq ft |
| SUBDIVISION | PROFESSIONAL CENTER AT LAKEWOOD R 8, 9&10 |
| TAXES | 23562 |
MORTGAGE CALCULATOR
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Listing provided by Tony Veldkamp, CCIM, SVN COMMERCIAL ADVISORY GROUP, 941-387-1200
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 4/24/26 1:27 AM PDT.
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