Single-Tenant Office Medical
Pediatric Associates | Absolute NNN | New Lease Extension
1920 Lakeland Hills Blvd, Lakeland, FL 33805
Listing Price: $2,363,630
Cap Rate
6.50%
Tenant Name
Pediatric Associates
Years Remaining On Lease
4.7
Guarantor
Corporate Guarantee
Rentable SF
5,487
Lease Type
Absolute Net
Rent Per Square Feet
$28.00
Investment Overview
Absolute NNN Single Tenant Medical Office
Pediatric Associates | Absolute NNN | New Lease Extension
Investment Highlights
- • Absolute NNN Lease - Tenant Responsible for All Property Expenses
- • 3% Annual Rental Increases Throughout Base Term & Options - Provides Landlord Automatic Appreciation & Growing Cashflow
- • Corporate Guarantee by Pediatric Associates Holding Company, LLC - Florida's Largest Privately Owned Primary Care Pediatric Practice
- • Proximity to Major Hospital – Lakeland Regional Health - 910 Beds | Nearly 8,000 Employees | Medical Staff of 1,300+
- • Frontage and Visibility on Main Thoroughfare - Lakeland Hills Blvd - Average Vehicle Per Day of 29,000+
- • Longstanding Historical Occupancy at Location - Tenant Operating Out of Location for 25+ Years
- • Consistently Increasing Demographics YOY - Projected 4% Growth from 2024-2029
Single-Tenant Office Medical
Pediatric Associates | Absolute NNN | New Lease Extension
Listing Price: $2,363,630
Cap Rate
6.50%
Tenant Name
Pediatric Associates
Years Remaining On Lease
4.7
Guarantor
Corporate Guarantee
Rentable SF
5,487
Lease Type
Absolute Net
Rent Per Square Feet
$28.00
Investment Highlights
- • Absolute NNN Lease - Tenant Responsible for All Property Expenses
- • 3% Annual Rental Increases Throughout Base Term & Options - Provides Landlord Automatic Appreciation & Growing Cashflow
- • Corporate Guarantee by Pediatric Associates Holding Company, LLC - Florida's Largest Privately Owned Primary Care Pediatric Practice
- • Proximity to Major Hospital – Lakeland Regional Health - 910 Beds | Nearly 8,000 Employees | Medical Staff of 1,300+
- • Frontage and Visibility on Main Thoroughfare - Lakeland Hills Blvd - Average Vehicle Per Day of 29,000+
- • Longstanding Historical Occupancy at Location - Tenant Operating Out of Location for 25+ Years
- • Consistently Increasing Demographics YOY - Projected 4% Growth from 2024-2029
Investment Overview
Absolute NNN Single Tenant Medical Office
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