2120 Range Rd - Health Care FOR SALE


Clearwater, FL 33765- North Clearwater
$6,900,000 USD
561-299-1521
2120 Range Rd, Clearwater, FL for Sale
$6,900,000 USD
Health Care - FOR SALE
1/8
null | Request Cap Rate

2120 Range Rd
Clearwater, FL 33765
North Clearwater


HIGHLIGHTS

  • Absolute NNN Lease — Zero Landlord Responsibility Tenant pays property taxes, insurance, utilities, repairs, maintenance, roof & structure.
  • Rare IRT zoning with Special Exception for Residential Treatment High-barrier-to-duplicate entitlement
  • ecession-resilient asset class: behavioral health & medical treatment Strong regional demographics, population growth & insurer reimbursement trends
  • Absolute NNN with passive income. Financials and rent roll available upon qualified request.

OVERVIEW

Offered at an attractive return for a rare licensed behavioral treatment facility in a major Florida healthcare market. Financials (cap rate, NOI) and rent roll provided to qualified principals upon request. Positioned in the heart of the Tampa–St. Petersburg–Clearwater MSA — one of Florida’s fastest-growing healthcare and business hubs — this premier medical and behavioral health asset represents a rare opportunity to own a fully accredited treatment campus with irreplaceable zoning and licensed residential/overnight accommodation capability under IRT zoning with a Special Exception for Residential Treatment use. The 14,810 SF institutional-grade facility features a premium medical build-out, including a marble-finished lobby, dramatic central atrium with koi pond, executive offices, therapy and classroom spaces, patient suites, nurse’s station, dining areas, and a complete fitness and wellness facility. The building is elevator-served and supported by modern HVAC and mechanical systems with professional maintenance throughout. Absolute Triple-Net Lease Income The property is currently leased to an established behavioral health provider under an absolute NNN structure, with the tenant responsible for property taxes, insurance, all utilities, repairs, maintenance, and roof/structural obligations. This provides turnkey, zero-landlord-responsibility income. Unique Healthcare Zoning Advantage The property benefits from IRT zoning with a Special Exception for Residential Treatment — an extremely scarce entitlement in Florida and increasingly difficult to obtain. This high-barrier-to-entry designation supports: -Licensed residential treatment & detox programs -Mental health inpatient & outpatient services -Medical recovery, wellness, or specialty care programs -Behavioral or neurological rehabilitation -Research and clinical treatment operations This zoning represents significant embedded value, eliminating lengthy entitlement, build-out, and community approval processes typically required to establish a licensed behavioral facility. Strategic Future Optionality This offering provides multiple long-term pathways for value creation: -Continue collecting passive absolute NNN income -Future opportunity to lease to another licensed behavioral provider -Long-term potential for owner-operator conversion or private equity behavioral health platform expansion Behavioral healthcare remains one of the most resilient and fastest-growing sectors in U.S. medical real estate, supported by strong insurance reimbursement and Florida’s expanding population base.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$444 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

IRT, Clearwater

APN/PARCEL ID

12-29-15-70182-100-1301

ASK ABOUT THIS PROPERTY

Lorraine FloridoProperty ManagementMore Info
561-299-1521

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Lorraine FloridoProperty ManagementMore Info
561-299-1521

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.