4074 Northlake Boulevard, Palm Beach Gardens, FL 33410

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present the opportunity to acquire the fee simple interest in a free-standing, single-tenant NYU Langone Health outpatient medical facility facility located at 4074 Northlake Boulevard in Palm Beach Gardens, Florida ("Property" or "Asset"). The Property comprises a 10,068 square foot medical building situated on a 1.37-acre parcel and was originally constructed in 2000, with a comprehensive, tenant-specific renovation scheduled for completion in 2026. The Asset is 100% leased to New York University (Aa2 credit rating), on behalf of its Grossman School of Medicine, under a brand-new 10-year NNN lease featuring 2.50% annual rent escalations and minimal ongoing landlord responsibilities.

The Property is operated as an NYU Langone primary care facility, delivering comprehensive outpatient medical services focused on preventive care and long-term health management. Services include annual physicals, immunizations, routine screenings, and the diagnosis and treatment of a broad range of common medical conditions. Care is provided by internal medicine and family medicine physicians, with obstetrician-gynecologists serving as primary care providers for women and pediatricians delivering primary care services for children.

The lease is backed by the credit of New York University, a globally recognized private research institution founded in 1831, with credit ratings of AA- from S&P and Aa2 from Moody's. NYU's healthcare enterprise, NYU Langone Health, operates seven inpatient hospitals and more than 320 outpatient care sites and reported $15.4 billion in operating revenue in FY2025. The Palm Beach Gardens location represents a strategic component of NYU Langone's expanding South Florida footprint, targeting long-term growth in one of the region's most affluent and fastest-growing markets.

Strategically positioned along Northlake Boulevard (45K VPD), the Property benefits from immediate adjacency to a dense retail corridor anchored by Publix and adjacency to Interstate 95 (55K VPD). The surrounding trade area is supported by exceptional demographics, including average household incomes exceeding $121K within a five-mile radius and population growth of 22.1% since 2010. Palm Beach Gardens is rapidly evolving into a regional healthcare destination, driven by substantial investment in new hospitals, ambulatory care centers, and medical office developments that continue to elevate demand for high-quality outpatient facilities.