506 4th Ave W, Palmetto, Florida
List Price: $1,000,000
MLS Number: A4703877
Subdivision: East Palmetto

506 4th Ave W, Palmetto | Leased Medical Office $1,000,000 3,171 SF NOI $59,556Fully leased, single-tenant medical office occupied by Millennium Medical on a NNN lease with annual rent escalations and two 2-year renewal options -- a passive, inflation-hedged income stream with no landlord responsibility for taxes, insurance, or maintenance.The purpose-built medical layout includes seven exam rooms, three private physician offices, a dedicated lab, and a staff kitchen/lounge. Three new HVAC systems were recently installed, eliminating the largest near-term capital expense a buyer would otherwise face.At $315/SF with in-place NNN rent of $18.78/SF, the property offers durable cash flow with built-in growth in Palmetto's expanding Manatee County medical corridor.