924-926 Cypress Village Blvd

CALLING ALL 1031 BUYERS! Bridgewater Commercial is pleased to present this superior NNN MOB investment opportunity in Sun City Center, an unincorporated suburban community 30 minutes southeast of Tampa’s city center. This offering checks all the boxes with high caliber tenants, passive structured NNN leases, quality/newer construction and modern buildouts in a maintenance free and immaculate professional park. Please note that this building sustained no structural damage from the recent Gulf of Mexico hurricanes Helene and Milton.
Watson Clinic occupies 8,000 square feet and has been a tenant since the building’s initial construction 15 years ago. They have demonstrated their intent to remain in the building long term with a recent extension of their lease resulting in over 10 years remaining in their current term. Watson Clinic was established in 1941 and is one of the largest multispecialty medical clinics in the southeastern United States. This is a powerhouse tenant with 1,600 employees, 350 physicians and medical providers covering 40 medical specialties in 19 locations.
Established in 2013, Elite DNA Behavioral Health has 31 outpatient offices throughout Florida. They employ more than 600 providers and support staff who combine to serve 2,000 patients per day. Elite DNA became a tenant in the building in late 2023 when their 3,000 square foot buildout from shell was completed.
The Sun City Center area has seen incredible growth in recent years. The population within a one-mile radius of the building has increased more than 68% since 2020 while the five-mile population is up by nearly 39k or 41.5%. This translates to steady growth for area medical practices, evidenced by Watson Clinic’s expansion into 60% more space in this building in 2020 and the newly constructed 75k SF Moffit Cancer Center facility two miles southwest of this park.
Growth continues unabated in the area with 54 single family villas under construction directly across Cypress Village Boulevard from the office park. Despite the residential growth, Sun City Center has seen little new office construction over the same period. Few medical office lease options are available in this market and there are virtually no owner/user purchase opportunities. Please review the attached Offering Memorandum for the rent roll, NOI and lease details of this incredibly stable investment opportunity. Contact Kori Billings with Bridgewater Commercial Real Estate at 813.997.3341 for any additional information required.