1050 Old Camp Rd, The Villages, FL 32162

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the leasehold interest (leased land, ownership of improvements) of a single-tenant medical office facility located in The Villages, Florida (the "Property").

The Property consists of 0.18 acres and a one-story, 6,453-square-foot medical office building that was built-to-suit in 2023 to the exact specifications of the Tenant. The Property is located in a prominent retirement community and is on leased land with 99 years of control provided to the future owner. The Property is located in the Creekside Medical Center and is very near all the major retail in The Villages. There are approximately 118,000 in population in a five-mile radius with an average household income in excess of $89,000 annually.

The Tenant recently completed a comprehensive build-to-suit to the exact standards of its brand-new prototype that is at the top end of the kidney care industry from a patient quality and energy-efficiency design standard. The initial term of the lease is for fifteen (15) years and will feature three (3), five (5) year renewal options. The lease is the Tenant’s standard form it uses across the majority of its 2,724 locations, a highly passive net lease that is landlord friendly, offering minimal expense exposure given the new construction. The lease also provides for rental increases in the amount of ten percent (10%) every five (5) years.