Contacts

Kylle Shoemaker

Stirling Properties

(760) 505-2798

Property Details

Property Type Office - Medical Office
Property Size 9,158 SF
Units 2
Lot Size 0.98 Acre
Property Tenancy Multi-Tenant
Building Class B
Year Built 1994
Date Updated Apr 9, 2024

Property is located on HWY 85 North at the intersection of HWY 85 and Twin Cities Blvd at the entrance to Twin Cities Hospital, the primary health care facility for the Niceville community. Niceville is located within Okaloosa County which has traditionally been one of the best performing counties in the state.Stirling Properties proudly presents 550 Hwy 85, a prestigious medical office investment spanning nearly 10,000 square feet in Niceville, FL. This opportunity offers investors the assurance of two exceptionally strong and well-established tenants, HCA Florida Twin Cities Hospital and Dermatology Solutions Group LLC (DSG). HCA recently renewed their lease with a fresh, new seven year term and DSG has a target occupancy date of June 1, 2024. The property itself is strategically situated at the gateway of HCA Florida Hospital and surrounded by numerous medical practices. This location is a true medical hotbed and an easy choice for medical tenants. Notably, the Niceville market faces a scarcity of quality medical space. With no new supply on the horizon, rental rates are poised to continue their upward trajectory.Beck Partners is pleased to present 550 Twin Cities Blvd. This Class A, Medical/Office building is located at the entrance of the Twin Cities Hospital, the primary health care facility for the Niceville community. Twin Cities is an established and professionally managed Medical/Office development with a long history of strong occupancy. The available space consists of 2,626 SF at $18/SF, NNN, with CAM charges of $5.64/SF. There are 3 exam rooms, 3 offices, an X-ray room and reception/waiting area. The site allows for abundant parking, good signage opportunities and is in an ideal location for any medical or office user.

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Highlights

Two Tenant Medical Investment
Niceville, Florida
Strong Credit Tenant Mix
100% Leased
7.5% CAP
$171K - NOI

Attachments

Getting around

13/100
Walk Score ®
38/100
Bike Score ®

Powered by Walk Score ®

City Niceville, FL
Neighborhood Niceville
Zip Code 32578
Market Pensacola

Points of Interest

Murphy USA

2.21 miles
Texaco

2.44 miles
Tom Thumb

2.57 miles
CEFCO Convenience Store

3.09 miles
Express

5.36 miles
Kangaroo Express

5.74 miles
Exxon

5.93 miles
Tom Thumb

9.29 miles
circle k

9.74 miles
Sunoco

9.84 miles

Taxi Queue

4.28 miles
Cellphone Lot

4.33 miles
Timber Lake Trailhead

6.95 miles
Timber lake Trailhead

7.54 miles

TownePlace Suites Niceville Eglin AFB Area

0.70 miles
Quality Inn

0.72 miles
Comfort Suites

0.73 miles
Holiday Inn Express

0.92 miles
Hampton Inn Niceville-Eglin AFB

3.84 miles
Tru

3.89 miles
Regency Inn

5.87 miles
Fairfield Inn & Suites Fort Walton Beach-Eglin AFB

7.83 miles
TownePlace Suites Fort Walton Beach-Eglin AFB

8.82 miles
Emerald Grande

9.68 miles

Bayou Plaza

1.03 miles
Palm Plaza

1.74 miles
Beall's Outlet

1.92 miles
Ross

2.03 miles
Walmart Supercenter

2.28 miles
Publix

2.94 miles
Winn-Dixie

5.48 miles
Publix

9.00 miles
Target

9.89 miles
Winn-Dixie

9.97 miles

In-Depth Research Available for this Property

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