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Pediatric Associates

2601 Northeast 9th Court, Homestead, FL 33033

$4,910,000

Cap Rate 5.50%

Views: 77 DOM: 86 Updated: 08.30.24 Posted: 06.14.24 Status: Active

Summary

Price $4,910,000
Built/Renov 2024
Tenant Pediatric Associates
Cap Rate 5.50%
Lease Type NN+
Guarantor Corp Rated
Size/SF 6,000
Lease Start 05-09-2024
#Units 38
Price/SF $818.33
Expiration 05-31-2034
Tenant Type Medical/Health
NOI $270,000
R. Term 9.8
Ownership Fee Simple
Rent/SF $45.00
Increases 3.0%/1/yrs
Pop 5Mi 192,945
Lot/AC 0.98
Options 2/5yrs/3%
AHHI 5Mi $75,474

Patrick Nutt
SRS National Net Lease Group
Contact

William Wamble
SRS National Net Lease Group
Contact

Lease Highlights

  • New 2024 construction
  • Pediatric Associates recently executed a brand new 10-year lease with 2 (5-year) options to extend
  • The lease features 3% annual rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Pediatric Associates is strategically located on NE 9th Court, with access to a robust daily traffic count of 75,600 vehicles. The property serves as an outparcel to Target and is adjacent to Homestead Pavilion, a power center anchored by Sprouts Farmers Market. The immediate area is surrounded by other well-known national tenants, including Kohl’s, TJ Maxx, Planet Fitness, Ross Dress for...

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Key Features

  • New construction

  • Build to suit

  • Near major nationals

  • Shopping Ctr out-parcel

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Favorable NN+ lease

  • Annual rent increases

  • Corporate Guarantee

    • ...

Links

Pediatric Associates Wikipedia Homestead, Florida Zip Code 33033 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Pediatric Associates
  • Guarantor:Corp Rated
  • Company:Pediatric Associates Holding Co.
  • # Units:38
  • Tenant S&P: B
  • Moody’s: B2
  • Stock:Private

About Tenant

Pediatric Associates is Florida’s largest privately owned primary care pediatric practice offering families comprehensive services, including X-ray and state-certified laboratories. They are open...


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Listing Broker

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