3750 Curtis Blvd - Showroom FOR SALE


Port Saint John, FL 32927
$1,502,500 USD
407-216-8248
3750 Curtis Blvd, Port Saint John, FL for Sale
$1,502,500 USD
Showroom - FOR SALE
1/4
null | 7.99% Cap Rate

3750 Curtis Blvd
Port Saint John, FL 32927


HIGHLIGHTS

  • Modified Net lease — tenant pays taxes, insurance, interior maintenance, and day-to-day expenses
  • 3% annual rent increases with two 5-year renewal options remaining through the 2030s
  • Corporate guarantor backing the lease — institutional-quality credit behind the rent stream
  • Portfolio priced at $3,382,128 | 8.00% cap rate | $300.50 PSF | $270,570 combined NOI
  • Supply-constrained pediatric market — Pediatric Associates is the anchor provider across both markets
  • Pediatric Associates: 250+ locations, 400+ providers, 1.6M+ patients, ~$550M annual revenue

OVERVIEW

Matthews™ is pleased to present a single-tenant net lease medical office investment in Cocoa, Florida, leased to Pediatric Associates, the nation’s largest privately owned pediatric physician group. Pediatric care has been delivered from this location since 2007, originally built and operated by a local independent pediatric provider before being acquired by Pediatric Associates in 2023 – marking decades of continuous, community-rooted care at the address. The 5,000-square-foot property is centrally located within Cocoa, serving as the anchor pediatric care provider for the surrounding community amid a market with very limited competing pediatric clinic space. The practice recently added two additional clinicians, expanding its provider base and reinforcing a clear trajectory of continued growth at the location. The surrounding market benefits from a diverse economic base spanning aerospace, healthcare, logistics, tourism, and advanced manufacturing, with exceptional regional accessibility via I-95, SR-528, Port Canaveral, and Orlando International Airport. Pediatric care is supported by rapid family-driven growth, with Port St. John's population nearly doubling between 2010 and 2020 and continuing to grow at an estimated 3.5%+ annually, and nearly 30% of area households including children under 18 and steady population growth across central Brevard County – including Cocoa, Cocoa West, Port St. John, and Rockledge – the market offers consistent long-term demand for pediatric and family healthcare services. The tenant operates under a Modified Net lease with 3% annual rental increases and two 5-year renewal options remaining. Offered at $1,502,500 (8.00% cap / $300.50 PSF), this asset presents a supply-constrained, credit-backed investment supported by a high-performing, long-tenured pediatric location with built-in rent growth.

FOR SALE DETAILS

PRICE

$1,502,500 USD

PRICE/SF

$296 USD /SF

CAP RATE

7.99%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pediatric Associates – 3750 Curtis Blvd.

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51

LAND SF

22,216

ZONING

-

APN/PARCEL ID

23-35-13-RT-0000B.0-0002.19

ASK ABOUT THIS PROPERTY

Dom DeignanMatthews Real Estate Investment ServicesMore Info
407-216-8248

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Dom DeignanMatthews Real Estate Investment ServicesMore Info
407-216-8248

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