Office Space
5799 Lake Worth Road Greenacres, FL 33463
Details & Description
Price: $4,320,000
    New 8-Year Lease | Scheduled Rental Increases | Options to Extend | HUM Provider Holdings, LLC (NYSE: HUM)• Conviva Care Center recently signed a 8-year lease with 2 (3-year) options to extend, demonstrating their long-term commitment to the site• The lease features 2% rental increases per year throughout the options to extend, generating NOI and hedging against inflation• Lease is signed by HUM Provider, LLC, an American health insurance company based in Louisville, Kentucky and the third largest in its industry• Publicly traded company (NYSE: HUM) and ranked 52nd on the Fortune 500 in 2020Opening September 2021 | Recently Remodeled | Brand-New TPO Roof | 20-Year Transferable Warranty• Conviva Care Center is scheduled to open September 2021, adding to their total number of locations of more than 90 in the US• Tenant has invested over $2,100,000 into the building, demonstrating a strong financial commitment to the site• The site has recently been remodeled which includes a brand-new TPO roof• 20-year transferable roof warranty in-placeAbsolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax• Tenant pays proportionate share of taxes, insure and CAM• Tenant maintains all interior and exterior components of the premises• No landlord responsibilities• Ideal management-free investment for a passive investor in a state with no state income tax
    Listing Agents
    William Wamble

    O: 813-371-1079
    M: 813-434-8278
    william.wamble@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    5799 Lake Worth Road

    Greenacres, FL 33463

    Listing ID: 254471
    • 5799 Lake Worth Road Greenacres, FL 33463 | for Sale | Photo 1
    • 5799 Lake Worth Road Greenacres, FL 33463 | for Sale | Photo 2
    • 5799 Lake Worth Road Greenacres, FL 33463 | for Sale | Photo 3
    5799 Lake Worth Road | for Sale | Thumbnail 1
    5799 Lake Worth Road | for Sale | Thumbnail 2
    5799 Lake Worth Road | for Sale | Thumbnail 3
    Building Size: 7,928 SF
    Lot Size: 0.230 AC
    Land Size: 10,018 SF
    Building $/SF: $544.90
    Land $/SF: $431.22
    Price
    $4,320,000
    Description

    New 8-Year Lease | Scheduled Rental Increases | Options to Extend | HUM Provider Holdings, LLC (NYSE: HUM)

    • Conviva Care Center recently signed a 8-year lease with 2 (3-year) options to extend, demonstrating their long-term commitment to the site

    • The lease features 2% rental increases per year throughout the options to extend, generating NOI and hedging against inflation

    • Lease is signed by HUM Provider, LLC, an American health insurance company based in Louisville, Kentucky and the third largest in its industry

    • Publicly traded company (NYSE: HUM) and ranked 52nd on the Fortune 500 in 2020

    Opening September 2021 | Recently Remodeled | Brand-New TPO Roof | 20-Year Transferable Warranty

    • Conviva Care Center is scheduled to open September 2021, adding to their total number of locations of more than 90 in the US

    • Tenant has invested over $2,100,000 into the building, demonstrating a strong financial commitment to the site

    • The site has recently been remodeled which includes a brand-new TPO roof

    • 20-year transferable roof warranty in-place

    Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax

    • Tenant pays proportionate share of taxes, insure and CAM

    • Tenant maintains all interior and exterior components of the premises

    • No landlord responsibilities

    • Ideal management-free investment for a passive investor in a state with no state income tax

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Fort Lauderdale History of Office Space for Sale

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    Greenacres Area Market Trends

    Listing Demographics for 5799 Lake Worth Road Greenacres, FL 33463

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population22,773159,610337,205
    Population Median Age393839
    Population by Age0-9 Yrs2840 (12%)20678 (12%)42760 (12%)
    10-19 Yrs2965 (13%)21692 (13%)44684 (13%)
    20-29 Yrs3020 (13%)19940 (12%)42024 (12%)
    30-39 Yrs3403 (14%)22071 (13%)46305 (13%)
    40-49 Yrs2802 (12%)21710 (13%)45262 (13%)
    50-59 Yrs2419 (10%)18959 (11%)43510 (12%)
    60-69 Yrs2445 (10%)16593 (10%)33999 (10%)
    70+ Yrs2879 (12%)17968 (11%)38661 (11%)
    Median HH Income$40,935$48,525$56,157
    Total Household Income< 24K2074 (26%)11699 (22%)20967 (19%)
    25-49K2605 (33%)14785 (28%)27663 (25%)
    50-74K1584 (20%)10221 (19%)21115 (19%)
    75-99K755 (9%)5840 (11%)13198 (12%)
    100-199K631 (8%)7655 (14%)20177 (18%)
    200K+79 (1%)1416 (2%)5567 (5%)
    Highest Education LevelNo Diploma39642257541616
    Diploma or GED49743092164527
    Some College27962038842645
    Assoc. Degree12771023722099
    Bachelors Degree17851562938933
    Higher Degree699711919941
    Total Housing Units9,47760,559124,093
    --Owner-Occupied5,05732,41171,777
    --Renter-Occupied2,67019,20636,910
    Owner-Occupied Values< 100K2327899513280
    100-199K20071064918353
    200-299K623730718027
    300-399K75330211836
    400-499K1212775746
    500K+138814534
    Total Working Age Population18,125126,527267,773
    In Work Force11,53784,046176,068
    Not In Work Force6,58842,48191,705
    Workforce Employed10,69078,491165,859
    Workforce Unemployed8465,54410,172
    Civlian Workforce11,53784,035176,031
    Military Workforce01136
    Total Households7,72751,616108,687
    Family Households4,94935,18975,389
    Non-Family Households2,77916,42733,298
    Married Couple2,76822,32049,920
    Other Family2,18012,86925,469
    Married w/Child1,0339,29520,152
    Single Male w/Child1591,4763,557
    Single Female w/Child6204,6519,048

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
    Palm Beach County1,131,184+171,320,134+121,473,738+111,640,998

    Total Working Age Population:

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    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 5799 Lake Worth Road in Greenacres?
    The asking price for 5799 Lake Worth Road is $4,320,000
    What is the building size of this Office property in Greenacres, FL?
    The size of the building/unit at 5799 Lake Worth Road in Greenacres is 7,928 square feet
    How much land does the Greenacres, FL property at 5799 Lake Worth Road include?
    5799 Lake Worth Road in Greenacres includes 0.230 acres of land
    What kind of Office is the propery at 5799 Lake Worth Road?
    The property at 5799 Lake Worth Road Greenacres, FL 33463 is listed as a Medical Office property
    What is the population within 1 mile of 5799 Lake Worth Road in Greenacres?
    The population within 1 mile of 5799 Lake Worth Road Greenacres, FL 33463 is 22,773 people.
    Who do I contact for questions about 5799 Lake Worth Road?
    You should contact the listing agent, William Wamble, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Palm Beach International Airport (PBI) 5
    Fort Lauderdale Hollywood International Airport (FLL) 38
    Miami International Airport (MIA) 58