Property History
West Park Surgery Center is a single tenant ambulatory surgical facility located in Pinellas Park, Florida, within the Tampa-St. Petersburg-Clearwater MSA (Tampa Bay Area). The property’s long term NNN lease is guaranteed by Physician Partners of America (PPOA), which has 30 clinic locations in TX & FL. The subject property offers convenient access via 78th Avenue North and is proximate to major healthcare providers and regional medical corridors. This facility serves a growing suburban patient population, with high-demand outpatient surgical services.
This investment opportunity features a long-term NNN lease that minimizes the landlord’s responsibilities. The lease includes very attractive 4%/year rent escalations, tenant responsibility for most major systems, and institutional lease guarantees, providing stable/reliable cash flow. As an AAAHC-accredited, fully operational facility, West Park Surgery Center offers an established asset with inherent replacement cost advantages.
The tenant’s 20+ year operational history at this facility and their newly signed lease extension, make this property ideally suited for 1031 exchange/private investors who are interested in stable and predictable long-term returns.
-HIGHLY SPECIALIZED SURGERY CENTER | ~11.5 YEAR NNN LEASE
-VERY ATTRACTIVE FLORIDA LOCATION & 4% ANNUAL RENT INCREASES
-PASSIVE NNN STRUCTURE | STRONG LONG-TERM INCOME SECURITY
-ESTABLISHED 20+ YEAR OPERATIONAL HISTORY @ THIS FACILITY
-MISSION-CRITICAL INFRASTRUCTURE & HIGH BARRIERS TO ENTRY
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