Conviva Senior Primary Care (Humana) | Corporate Guarantee
ATTRACTIVE 2.5% ANNUAL INCREASES
Marketing description
Marcus & Millichap is pleased to exclusively present for sale this net-leased Conviva Care Center,
located at 12615–12625 W Dixie Highway in North Miami, Florida. Ideally positioned in the heart
of Northeast Miami-Dade County, the property benefits from close proximity to Downtown Miami,
Miami Beach, Aventura, Bal Harbour, Sunny Isles Beach, and numerous other affluent and densely
populated South Florida communities.
The asset consists of two freestanding medical office buildings totaling 11,463 square feet and
is situated on a 0.73-acre parcel with ample on-site parking and prominent frontage along W
Dixie Highway. The property is fully occupied by Conviva Care Center, a subsidiary of Humana
Inc., one of the nation’s largest healthcare and insurance providers. The tenant executed a
10-year lease commencing April 1, 2021, with an initial term extending through March 31,
2031 and features 2.5% annual rental increases throughout the initial term and both five-year
renewal options. The location serves as a mission-critical healthcare facility for the surrounding
community and offers investors the opportunity to acquire a strategically located medical asset
backed by a publicly traded healthcare company in one of South Florida’s most densely populated
and supply-constrained markets.
Strategically positioned along West Dixie Highway, a major north-south thoroughfare serving
the North Miami, North Miami Beach, Aventura, and surrounding trade areas, the property
benefits from excellent visibility, convenient ingress and egress, and direct access to a substantial
residential population. The surrounding area features a dense mix of established neighborhoods,
healthcare facilities, retail destinations, and employment centers, creating a strong and stable
patient base that supports the tenant’s long-term operations.
The property is located within one of Miami-Dade County’s most dynamic healthcare corridors,
with more than 400,000 residents within a five-mile radius. The trade area features a substantial
concentration of multifamily communities, single-family neighborhoods, and age-restricted
housing developments, driving consistent demand for primary and preventative healthcare
services.
The property also benefits from its proximity to several major healthcare institutions, including
HCA Florida Aventura Hospital, Jackson North Medical Center, Mount Sinai Medical Center’s North
Miami locations, and numerous outpatient healthcare providers throughout Northeast Miami-
Dade County. Additionally, the property offers convenient access to several of South Florida’s
primary transportation corridors, including Biscayne Boulevard (US-1), Interstate 95, and the
Florida Turnpike, providing outstanding regional connectivity for both patients and employees.
Conviva Care Center is one of the nation’s leading providers of senior-focused primary care
services, delivering comprehensive healthcare through an integrated care model designed to
improve patient outcomes, enhance quality of life, and reduce overall healthcare costs. Backed
by Humana, Conviva has established a significant presence throughout Florida and continues
to expand across key growth markets driven by favorable demographics, increasing healthcare
demand, and an aging population.
Investment highlights
• Operated by Conviva Care Center, a Leading Healthcare Services Provider and Wholly Owned Subsidiary of Humana Inc. (NYSE: HUM)
• Humana Inc. (NYSE: HUM) | Investment Grade Credit Rated BBB+ By S&P
• Located Minutes from Downtown Miami, Miami Beach, Aventura, Bal Harbour, Sunny Isles Beach, And Other Affluent South Florida Communities
• Strategically Positioned Within One of Miami-Dade County’s Most Dynamic Healthcare Corridors
• Serves One of South Florida’s Most Densely Populated and Supply-Constrained Healthcare Markets
• Positioned Along W Dixie Highway, a Major North-South Thoroughfare Serving North Miami, North Miami Beach, Aventura, And Surrounding Trade Areas
• Dense Demographics | Population Exceeds 400,000 Residents Within a Five-Mile Radius
• Senior Population Among the Fastest-Growing Demographics in The United States, Driving Long-Term Demand for Healthcare Services
• Proximity To Major Healthcare Institutions Including HCA Florida Aventura Hospital, Jackson North Medical Center, Mount Sinai Medical Center, And Numerous Outpatient Healthcare Providers
• Attractive 2.5% Annual Rental Increases
• Convenient Access to Biscayne Boulevard (US-1), Interstate 95, Florida’s Turnpike, And Other Major Transportation Corridors
• Strong Regional Connectivity for Patients, Employees, And Healthcare Providers • Florida Is a No State Income Tax State
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