7,536 SF Medical Office Space - Leased to Humana's Conviva Care Center.Underwent a complete renovation in 2024, including new metal roof, plumbing, electrical, HVAC and sprinkler systems, with tenant improvements estimated atover $400/SF.Located in one of Flagler County's most established commercial corridors, at the SW quadrant of I-95 and Palm Coast Parkway.Humana's Conviva Care Center is an investment-grade healthcare tenant serving primarily patients aged 55 and older - a demographic that supports steady, recession-resistant demand.The lease is structured as NNN and professionally managed by a third-party, offering a passive ownership structure with built-in annual rent escalations of 2% across the initial term and renewal options. 7,536 SF medical office leased to Humana Conviva Care CenterFully renovated in 2024 with significant capital improvementsPrime location at I-95 & Palm Coast ParkwayInvestment-grade healthcare tenant serving the 55+ populationNNN lease with 2% annual rent increases
Listed By
Agency Name: SVN Alliance Commercial Real Estate Advisors
Shown By
Agency Title: Adams Cameron & Co. REALTORS
Agency Phone: 386-717-3445
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20 Cypress Point Parkway, Unit 1 | MLS# 1229530
This commercial property located at 20 Cypress Point Parkway, Unit 1, Palm Coast, FL 32164 is currently listed for sale with an asking price of $3,798,000. Search Palm Coast real estate on online.adamscameron.net today.