Tenant:

• Tenant Commitment to Location: Palm Medical Center Lakeland LLC recently extended its lease through September 2034. Having operated out of this location for several years, the practice has established a strong patient base. The renewed lease reflects the tenant’s operational success and long-term commitment to the location.
• Growing Regional Healthcare Network: Palm Medical Center Lakeland LLC is part of Palm Medical Centers, which operates 40+ locations across Florida and continues to grow its senior-focused, value-based care platform.
• Healthcare-Focused Tenancy: Both tenants provide medical services and benefit from their location within a high-demand healthcare corridor. With 100% occupancy and no current vacancy, the building offers immediate income stability.
• Passive Lease Structures: Palm Medical’s lease is structured as NN+, with the tenant responsible for taxes, insurance, and repairs. This minimizes landlord responsibilities and provides consistent income with limited oversight.

Location:

• Visibility and Accessibility: The property has direct frontage along 1st Street South, a major commercial corridor with traffic counts exceeding 50,000 VPD. Nearby drivers include retail, schools, and healthcare facilities.
• Fast Growing Florida Market: Winter Haven is one of Central Florida’s fastest-growing cities, ideally positioned between Tampa and Orlando. Polk County’s population has grown over 20% in the past decade, with continued strong growth anticipated.
• Hospital Proximity: The property is located just 1.3 miles from Winter Haven Hospital (BayCare Health System) and is surrounded by other medical uses such as primary care, dental, imaging, and outpatient centers—enhancing referral opportunities.
• Favorable Senior Demographics: The Winter Haven area is experiencing a rise in retiree and Medicare-eligible populations, which aligns with Palm Medical’s senior-focused care model. Florida’s 65+ demographic is projected to grow by 17.5% over the next five years, ensuring long-term demand.

Property:

• Capital Investment: The property has undergone recent upgrades including new HVAC systems, repaved parking lots, and significant tenant improvements, reducing near-term CapEx exposure for new ownership.
• Market Fundamentals Support Long-Term Growth: The submarket has a low 5.2% vacancy rate, showing strong tenant demand and limited space availability. Current tenant rents are below market ($17–$22/SF vs. ~$25/SF), offering immediate mark-to-market upside and long-term growth potential.
• High Day-One Yield & Annual Rent Growth: Offered at a 7.5% cap rate with annual compounding rent increases, the asset delivers strong in-place income with natural inflation protection and growing cash flow.