2142 E Edgewood Dr - Medical FOR SALE


Lakeland, FL 33803- City of Lakeland
$2,892,089 USD
866-889-0550
2142 E Edgewood Dr, Lakeland, FL for Sale
$2,892,089 USD
Medical - FOR SALE
1/7
null | 6.75% Cap Rate

2142 E Edgewood Dr
Lakeland, FL 33803
City of Lakeland


HIGHLIGHTS

  • LEADING STATE PROVIDER: Pediatric Associates is Florida’s largest privately owned primary care pediatric practice, with more than 200 providers
  • GROWING BILLION DOLLAR MARKET: The United States pediatric market size was estimated to be $15.32 billion in 2024
  • LONG STANDING & EXPANDING LOCATION: This location has served the local medical community for over 20 years as a pediatric provider
  • “HANDS-OFF” INVESTMENT: The tenants handle all maintenance/repairs and all day-to-day expenses under this NNN lease
  • NEWLY EXTENDED LEASE WITH ANNUAL INCREASES: The property is under a newly executed 5-year lease
  • STRONG HEDGE AGAINST INFLATION: The subject property offers above-market 3% annual rent escalations

OVERVIEW

Matthews Real Estate Investment Services™ is pleased to present the opportunity to acquire a newly extended NNN leased medical asset in Lakeland, Florida. Leased to Pediatric Associates, the state’s largest privately owned pediatric primary care provider with 60+ years of success and 105+ locations, this property features a nationally trusted tenant operating within the $15.32 billion and growing U.S. pediatric healthcare market. The lease includes rare 3% annual rent increases, offering a built-in hedge against inflation and rising returns. Located at 2140 E. Edgewood Drive in Lakeland’s high-growth MSA—Florida’s 11th largest metro—the property benefits from strong fundamentals and robust demographic demand. With 19% of the local population under age 15 and 34% of households with children under 18, the need for pediatric services remains high and sustainable. Offering truly passive ownership, the tenant handles all maintenance, repairs, and day-to-day expenses. A newly executed 5-year term underscores their long-term commitment to the site. Supported by a leading healthcare provider, fixed rent escalations, and essential service use in a thriving market, this asset presents an exceptional, inflation-resistant investment for both local and out-of-state buyers.

FOR SALE DETAILS

PRICE

$2,892,089 USD

PRICE/SF

$407 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PEDIATRIC ASSOCIATES

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

24-28-28-244000-005404

ASK ABOUT THIS PROPERTY

Jake AllenMatthews Real Estate Investment ServicesMore Info
866-889-0550

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Jake AllenMatthews Real Estate Investment ServicesMore Info
866-889-0550

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