AllerVie Health

• AllerVie recently extended their lease for an additional five years, pushing expiration to December 31, 2031 — a direct vote of confidence in the Lady Lake market and the tenant’s long-term commitment to this location. The extension delivers a stabilized, long-duration net lease investment from day one, offering investors durable cash flow with meaningful term.
• Landlord responsibilities are limited to the roof, structure, parking lot, exterior, and MEP/HVAC repairs and replacements exceeding $500. All interior maintenance, insurance, taxes, and management are the tenant’s responsibility — a hands-off structure well-suited for out-of-state buyers and 1031 exchange capital.
• The lease is guaranteed by AllerVie Health at the corporate level — not an individual clinic operator. Investors benefit from institutional-quality credit backed by a PE-sponsored platform generating $150M+ in annual revenue across 100+ locations nationally.
• Allergy and immunology care requires recurring in-person patient visits for testing, immunotherapy, and chronic disease management. Established clinics carry an entrenched referral network and patient base that cannot be easily replicated at a new address — driving above-average renewal probability and making this a deeply embedded, operationally sticky location for AllerVie.
• At $367.13 PSF with the extension in place, the asset is priced competitively against comparable medical office trades in the region. The basis reflects the short-term nature of the as-is lease while pricing in the extension upside — offering an investor the ability to acquire at an attractive yield with a clear path to compressing that yield further.
• The property sits within Lady Lake’s most active healthcare corridor along U.S. Highway 441, anchored by UF Health Spanish Plaines Hospital, AdventHealth clinics, and a dense bench of specialty practices — complemented by substantial national retail along the Hwy 441/466 corridor driving consistent daytime population and patient access.
• The property sits less than one mile from UF Health Spanish Plaines Hospital, a 307-bed acute care facility serving Lake, Sumter, and Marion counties across 55 specialties. UF Health has invested aggressively in the campus — opening an $18 million Heart & Vascular Center in 2023 and expanding its freestanding ER from 16 to 28 beds in 2024. That level of capital commitment validates the long-term trajectory of this corridor.
• Lady Lake is a gateway to The Villages — the fastest-growing metro in the United States, with 4.7% annual population growth and the nation’s top-selling master-planned community in 2024. Within 5 miles of the property, population is projected to grow 10.3% over the next five years. An affluent, aging, insurance-covered patient base with above-average healthcare utilization is the single most favorable demand backdrop for outpatient medical real estate.