Select Physical Therapy

• Select PT has occupied 501 E Oak St for over two decades, renewing on successive five-year leases without interruption. This pattern of consistent renewal reflects the operational embeddedness of the clinic within the surrounding physician referral network and a demonstrated long-term commitment to the location.
• Landlord responsibilities are limited to condo association general assessments covering roof, structure, and common area maintenance expenses. All interior maintenance, replacements, and repairs are the tenant’s responsibility — a highly passive ownership structure ideal for an out-of-state investor or those seeking stable, hands-off income.
• Select PT is paying $17.34/SF — well below competitive rents in the mid-to-high $20s/SF along the Oak Street corridor. With two renewal options remaining and a 20+ year occupancy track record, the tenant has every economic incentive to stay. Relocation would expose them to a meaningful rent step-up with no operational benefit.
• The lease is guaranteed by Select Physical Therapy Holdings, Inc. which operates 700+ outpatient clinics across 23 states — making it one of the largest physical therapy operators in the country by location count. Florida is its single largest state presence, with 127 clinics representing roughly 18% of its total network.
• Offered at $247.71 PSF, the asset is priced at a meaningful discount to recent comparable medical office trades along Oak Street and across the broader Kissimmee submarket. The basis reflected by the below-market rents represents upside given the tenant’s demonstrated commitment to this location.