Listed by SURMOUNT
$2,872,457
Pediatric Associates
Details
Property Type Office
Sub Type Medical Office
Square Footage 7,108
Cap Rate 7.00%
NOI $201,072
Tenancy Single
Lease Type NNN
Lease Expiration 05/30/2030
Year Built 1998
Acreage 0.720
Tenant Credit Corporate Guarantee
Lease Commencement 05/30/2025
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Pediatric Associates located at 2140 E Edgewood Dr, Lakewood, FL 33803. The site consists of roughly 7,108 rentable square feet of building space on an estimated 0.72 AC-acre parcel of land. This Pediatric Associates is subject to a 5-year Triple Net (NNN) lease, which commenced 5/30/2025. The current annual rent is $201,072 and has scheduled increases of 3.00% annually.
Investment highlights
- Corporate-Backed Lease | The property is leased to Pediatric Associates, one of the largest privately owned primary care pediatric practices in the country, under a corporate-guaranteed lease.
- In-Place NNN Lease Structure | The 5-year Triple Net (NNN) lease began on May 30, 2025, with zero landlord responsibilities, providing stable, passive income for the duration of the term.
- Attractive Rent Growth | The lease includes annual rent escalations of 3.00%, offering built-in income growth and protection against inflation.
- Healthy Yield with Strong NOI | Offered at a 7.00% CAP rate with an annual net operating income of $1201,072 the property delivers compelling returns supported by a reliable tenant.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$201,072.00
$16,756.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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