This offering presents a fully leased medical office property situated at 425 Nursing Home Drive in Arcadia, Florida. The building contains 7,873 RSF and was constructed in 2007, designed with functionality for healthcare services. It is directly across from DeSoto Memorial Hospital, which is affiliated with Tampa General Hospital, ensuring strong synergy with surrounding medical providers. Tampa General has just committed to a $50 million investment with DeSoto.
The property is secured by long-term leases with two established healthcare tenants: CenterWell/Humana and AMA Health Providers. Both tenants signed 7-year leases, with expirations in 2031 (largest tenant) and 2030, and annual rental escalations, contributing to stable cash flow for the next several years. Current Net Operating Income is $185,787.51, and leases are structured on a NNN basis, with the landlord responsible only for roof and structure.
Arcadia’s location provides convenient access to primary roadways and essential community infrastructure. The area benefits strongly from the hospital’s $45 million reinvestment plans, which will continue to elevate the medical ecosystem in this market. With a 7% capitalization rate and consistent rental growth, this asset offers investors reliable income and long-term security within a recession-resilient healthcare sector, especially with such big name tenants and the hospital commitment.