Pediatric Associates
7% Cap Rate | NNN | 3% Annual Increases | 260+ Unit Operator
Marketing description
Matthews Real Estate Investment Services™ is pleased to present the opportunity to acquire a newly extended NNN leased medical asset in Lakeland, Florida.
Leased to Pediatric Associates, the state’s largest privately owned pediatric primary care provider with 60+ years of success and 260+ locations, this property features a nationally trusted tenant operating within the $15.32 billion and growing U.S. pediatric healthcare market. The lease includes rare 3% annual rent increases, offering a built-in hedge against inflation and rising returns.
Located at 2140 E. Edgewood Drive in Lakeland’s high-growth MSA—Florida’s 11th largest metro—the property benefits from strong fundamentals and robust demographic demand. With 19% of the local population under age 15 and 34% of households with children under 18, the need for pediatric services remains high and sustainable.
Offering truly passive ownership, the tenant handles all maintenance, repairs, and day-to-day expenses. A newly executed 5-year term underscores their long-term commitment to the site. Supported by a leading healthcare provider, fixed rent escalations, and essential service use in a thriving market, this asset presents an exceptional, inflation-resistant investment for both local and out-of-state buyers.
Investment highlights
Tenant
Leading State Provider: Pediatric Associates is Florida’s largest privately owned primary care pediatric practice, with more than 260 nation wide locations. With over 60 years of successful operating history, it is one of the most trusted medical providers in the state and shows strong signs of continued stability.
Growing Billion Dollar Market: The United States pediatric market size was estimated to be $15.32 billion in 2024 and is expected to grow at a compound annual growth rate of 4% from 2025 to 2030. According to the National Survey of Children with Special Healthcare Needs, nearly one in five children have special healthcare needs, totaling 14.1 million children.
Long Standing & Expanding Location: This location has served the local medical community for over 20 years as a pediatric provider, formerly operating as a local pediatric operator before its acquisition by Pediatric Associates in 2020. Since then, operations have expanded to occupy the entire property. A cornerstone of the community with a loyal patient base and highly profitable businesses.
Property
“Hands-Off” Investment: The tenants handle all maintenance/repairs and all day-to-day expenses under this NNN lease, which is ideal for an out-of-state investor and those seeking passive income.
Newly Extended Lease With Annual Increases: The property is under a newly executed 5-year lease, demonstrating the tenant’s commitment to this location. This lease includes rare 3% annual rental increases, providing investors with a strong hedge against inflation and an increasing average annual return throughout ownership.
Strong Hedge Against Inflation: The subject property offers above-market 3% annual rent escalations, providing a robust hedge against inflation and enhancing the potential for sustained profitability in a dynamic economic environment.
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