Pediatric Associates

• Leading Pediatric Platform: Pediatric Associates is Florida’s largest privately owned primary care pediatric practice with more than 250 locations across the US and over 70 years of operating history. The company serves more than 1.6 million children annually across more than 250 locations in seven states.
• Long Standing Practice: Alliance Pediatrics operated from the property for more than 20 years before joining Pediatric Associates in 2021. The practice’s long operating history at this location reflects an established patient base and strong connection to the Gainesville community.
• High Volume Location: Staffed by three physicians and equipped with 15 exam rooms, the location serves nearly 3,000 patients each month. The practice’s established patient volume and specialized buildout support the long-term importance of the location.
• Growing Pediatric Healthcare Market: Demand for pediatric healthcare continues to grow as providers expand access to primary, behavioral and specialty care for children. The sector benefits from recurring patient needs, population growth and continued investment in outpatient healthcare services.
• Potential Bonus Depreciation Benefits: A buyer placing the property in service in 2026 may be eligible for accelerated depreciation through a cost-segregation study, potentially increasing first-year deductions and improving after-tax cash flow.
• Highly Sought After Healthcare Market: Gainesville is a major regional healthcare hub anchored by the University of Florida and UF Health. Its concentration of hospitals, specialists and medical education draws physicians and patients from throughout North Central Florida, supporting continued demand for outpatient healthcare services.
• Family Friendly Area: Gainesville attracts families through its university-driven economy, healthcare infrastructure, educational resources and comparatively accessible cost of living. These fundamentals support a stable local patient base for pediatric providers.
• Extended Commitment: Pediatric Associates recently extended its lease for an additional five years through November 2031, providing investors with long-term income stability and demonstrating the tenant’s continued commitment to the location.
• Tenant Investment: In 2023, Pediatric Associates financed a new roof for the property, demonstrating its commitment to the location while reducing near-term capital needs for ownership.
• Hands Off Investment: The NNN lease structure passes substantially all property operating expenses through to the Tenant, creating a low-management investment opportunity for ownership.
• 3% Annual Rent Increases: Contractual 3% annual rent increases provide consistent NOI growth and help offset the effects of inflation over the lease term.
• “Sticky” Tenant: Pediatric practices typically benefit from established patient relationships, specialized medical buildouts and meaningful relocation costs. These factors can encourage long-term occupancy and make the location operationally important to the tenant.