Property History
The subject property is a Class A, Three building, 12,000 square foot Net Leased DaVita Dialysis, Cora and Soleil Surgical facility located in Kissimmee, Florida. This facility is an new construction, attractive single-story buildings located on Central Avenue made from reinforced concrete and features high-end exterior fixtures which accentuate the building’s attractive Mediterranean design. No Tenant Rollover Until 2021 and 2025. DaVita has nine years remaining on original 10-Year-Net lease, with three, five-year options and two percent annual rent increases. Cora and Vascular Surgeons have both recently executed five and 10 year leases. Located in Heart of Kissimmee only minutes from Orlando, St.Cloud, Celebration and Poinciana. The Osceola Regional Medical Center is just 900 feet away. The Osceola Regional Medical Center is a general medical and surgical hospital. The hospital is adding two additional stories to their building to fulfil the increasing demand in the market. Florida Hospital less than a mile away, just finished their expansion.
- Corporate Guarantees National Tenants
- Long Term Net Leases Medical Tenants
- Two and Three Percent Annual rent Increases
- DaVita Dialysis Standard & Poor's BB- Credit Rating
- 900 Feet from Osceola Regional Medical Center
- Brand New Construction- Newest Building In Area
- Osceola County is Forbes 10th Fastest Growing
- Population Growth of 48 Percent Since 2000
Loan History
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