Pediatrica Health

Hands-Off Investment: The tenants pays for maintenance/repairs and all day-to-day expenses under this Modified Net lease, which is ideal for an out-of-state investor and those seeking passive income.
Newly Extended Lease: The property is under a newly executed 5-year lease, demonstrating the tenant’s commitment to this location. This lease includes favorable 2% annual rental increases, providing investors with a strong hedge against inflation and an increasing average annual return throughout ownership.
Pride of Ownership: Custom built by a long-standing practice owner and well maintained since completion, the property reflects strong pride of ownership. The building features durable construction and a metal roof, providing long-term structural integrity and reduced maintenance. This quality construction helps minimize future capital expenditures for investors.
Below-Market Rent: Current rents are below market, with comparable medical space achieving mid-$20s per square foot. This creates a mark-to-market opportunity at renewal while keeping the space highly competitive and easy to re-tenant amid strong local demand.
Low Area Vacancy Rate: The surrounding area maintains a 4.7% vacancy rate, well below the ~8% state average, demonstrating strong demand for medical space and providing landlords leverage during lease renewals and extensions while supporting favorable re-tenanting conditions.
Proximity to Major Hospital: Located near AdventHealth Zephyrhills Hospital and surrounded by established medical offices, the property benefits from strong referral synergies, patient convenience, and sustained demand for healthcare space, supporting long-term tenancy and re-tenanting potential.
Rapid Population Growth: Pasco County and the Zephyrhills area have experienced strong population growth of approximately 24% over the past six years. This expansion has increased demand for housing, infrastructure, and healthcare services, supporting long-term fundamentals for medical providers and healthcare real estate in the region.

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Kyle Matthews