3140 S FALKENBURG RD Riverview FL 33578-2574

SRS National Net Lease Group is pleased to offer the opportunity to acquire the lease fee interest (condo ownership) in a NNN leased, Sanitas Primary Care investment property located in Riverview, Florida (Tampa MSA). The tenant, Guidewell-Sanitas I, LLC, recently executed a brand new 12-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 3% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation. Due to unknown utility issues, Tenant shall receive abatement of Base Rent from 4/1/2020 to 1/1/2021 in the amount of $111,278 and a partial abatement of rent for 2/1/2021 where Base Rent in the amount of $4,055 shall be due. Guidewell-Sanitas I, LLC is a Medical Group that has 19 practice medical offices located in 13 cities across Florida.

The property is located on the ground floor of Brandon Professional Plaza, a 56,232 SF multi-story medical/office building. The property is strategically located along Interstate 75 01,500 VPD), the primary north/south freeway serving the East Coast. The building is ideally positioned just L5 miles east of Costco Wholesale and Walmart Supercenter, significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site. Additionally, the property is within close proximity to multiple shopping centers including Lake Brandon Village (257,705 SF), Brandon Centre South (133,984 SF), and Westfield Brandon (1,100,000 SF). Other nearby national/credit tenants include The Home Depot, Lowe's Home Improvement, Target, Aldi, Office Depot, Publix, LA Fitness, and more, further increasing exposure and crossover synergy for the asset. The site benefits from its ideal location just 4.5 miles west of Brandon Regional Hospital (418 beds) and just 1.3 miles south of TGH Brandon ER (25 beds), providing the health center with a direct consumer base from which to draw. With two hospitals nearby, the immediate trade area serves a medical cluster, promoting collaboration between hospitals, medical offices, and medical retailers. Moreover, the asset is surrounded by several apartment complexes including Lantower Brandon Crossroads (450 units), Windsor Club at Legacy Park (372 units), The Retreat at Crosstown (320 imits), and Courtney Trace Apartments (288 units), providing for a direct residential consumer base from which to draw. The 5-mile trade area is supported by nearly 196,000 residents and 87,000 daytime employees with a healthy $71,500 average household income.