20 Cypress Point Parkway Unit 1, Palm Coast, FL 32164

Property Description

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 at over $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 Center Fully renovated in 2024 with significant capital improvements Prime location at I-95 & Palm Coast Parkway Investment-grade healthcare tenant serving the 55+ population NNN lease with 2% annual rent increases