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2140 E Edgewood Dr, Lakeland, FL, 33803

Pediatric Associates
$2,844,571

Key Information

Cap Rate
7%
$ per SF
$408
Tot. SF
6,972
Year Built
1981/R 1997
Term Remaining
±4.5 YRS
Type
Healthcare
Occupancy
100%
NOI
$199,120

Highlights

Tenant

  • Leading State Provider: Pediatric Associates is Florida’s largest privately owned primary care pediatric practice, with more than 260 nation wide locations. With over 60 years of successful operating history, it is one of the most trusted medical providers in the state and shows strong signs of continued stability.

  • Growing Billion Dollar Market: The United States pediatric market size was estimated to be $15.32 billion in 2024 and is expected to grow at a compound annual growth rate of 4% from 2025 to 2030. According to the National Survey of Children with Special Healthcare Needs, nearly one in five children have special healthcare needs, totaling 14.1 million children.

  • Long Standing & Expanding Location: This location has served the local medical community for over 20 years as a pediatric provider, formerly operating as a local pediatric operator before its acquisition by Pediatric Associates in 2020. Since then, operations have expanded to occupy the entire property. A cornerstone of the community with a loyal patient base and highly profitable businesses.

Property

  • “Hands-Off” Investment: The tenants handle all maintenance/repairs and all day-to-day expenses under this NNN lease, which is ideal for an out-of-state investor and those seeking passive income.

  • Newly Extended Lease With Annual Increases: The property is under a newly executed 5-year lease, demonstrating the tenant’s commitment to this location. This lease includes rare 3% annual rental increases, providing investors with a strong hedge against inflation and an increasing average annual return throughout ownership.

  • Strong Hedge Against Inflation: The subject property offers above-market 3% annual rent escalations, providing a robust hedge against inflation and enhancing the potential for sustained profitability in a dynamic economic environment.

Photos

Location

Agents

Financing Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203