Florida Mentor Medical Office
Office | 7.27% CAP | 4,591 SqFt
Marketing description
Clearwater is located within the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area, one of the largest and fastest-growing regions in the Southeastern United States. As the county seat of Pinellas County, Clearwater benefits from a diverse economy driven by healthcare, financial services, technology, tourism, and professional business services.
The Tampa Bay region is home to more than 3.3 million residents and continues to attract new businesses and residents due to its favorable tax climate, skilled workforce, and exceptional quality of life. Clearwater's strategic location along Florida's Gulf Coast, combined with award-winning beaches, strong population density, and robust infrastructure, has established the market as a premier destination for both employers and investors.
Pinellas County is one of Florida's most densely populated counties and serves as a major employment center within the Tampa Bay region. The area supports a diverse business environment with strengths in healthcare, financial services, manufacturing, and tourism, while benefiting from strong consumer demographics and sustained economic growth.
Healthcare represents one of the region's strongest economic sectors, with major hospital systems, outpatient providers, and medical office users serving the growing population throughout Pinellas County and the greater Tampa Bay area. Continued population growth, an aging demographic profile, and strong demand for healthcare services have contributed to sustained investment in medical infrastructure, making Clearwater an attractive market for healthcare providers and real estate investors alike.
Investment highlights
- Single Tenant Medical Office Occupied by Florida Mentor - formerly known as ResCare Community Health. Parent Company, Sevita Health, Is One of the Largest Home and Community Based Specialty Healthcare Companies in the United States. Sevita recently acquired ResCare Community Living in March 2026.
- Tenant Provides Care for Individuals with Intellectual and/or Development Disabilities
- Tenant has Operated at Location Since 2016 | Executed Early 5-Year Extension in 2024 Showing a Commitment to Site
- Modified Gross Lease Structure in Place | Opportunity to Convert to NNN, Creating Significant Upside
- Situated Along US Highway 19 – One of Tampa Bay's Primary Commercial Corridors with Traffic Counts Exceeding 105,000 Per Day
- Located in Densely Populated, Affluent Trade Area with a Population of Over 525,000 People in 10-Mile Radius and Average Household Income Exceeding $96,000 in 2-Mile Radius
- Property sits within Synergistic Business Park that Features Multiple Healthcare Providers
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