May 3, 2022 – Jason Woods and Mark Brockwell of Horvath & Tremblay have successfully completed the sale of OptumHealth in Zephyrhills, Florida. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,773,680.
OptumHealth is located at 5935 7th Street in Zephyrhills, Florida. The stand-alone building consists of 5,785 square feet on 0.89-acres of land. OptumHealth, a division of UnitedHealth Group, recently demonstrating their commitment to the site and the market by investing more than $600,000 into the property has 7+ years remaining on a Triple Net (NNN) Lease with three (3), 5-Year renewal options. The lease features attractive 10% rent increases every 5-years throughout the current term and renewal options. The property is ideally situated 0.2-miles from the intersection of Gall Boulevard (US Highway 301) and North Avenue, the area’s two primary commercial and commuter corridors. Located in the heart of Zephyrhills, the area is home to numerous national retailers, restaurants and the city’s municipal buildings. Zephyrhills is situated about 30 miles northeast of Tampa and is known for its pure spring water, wide-open spaces, and natural beauty that’s less developed than it is in other, more metropolitan areas nearby. Zephyrhills is a popular skydiving destination as well. It’s an easy drive from many of the region’s most beautiful beaches and fun-filled theme parks, and the city hosts several festivals throughout the year that keep visitors frequenting the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.