Newmark, as the exclusive advisor to ownership, is proud to offer select qualified investors the opportunity to acquire the 100% fee simple interest in the Fort Lauderdale Chen Senior Medical Center located at 7401 W Commercial Blvd, Tamarac, FL (the “Property”). The facility is fully leased to Chen Dedicated Holdings, LLC (“ChenMed” the “Company,” “Tenant” or as the context requires “its”), the market leader in senior healthcare, boasting $3.7B in 2024 revenue.
The Property NTM NOI is $292,427 ($29.97 $/SF) as of the estimated closing date of November 1, 2025. With a WALT in excess of 19 years, ChenMed is subject to an absolute net lease (NNN) that offers rental escalations of 2.50%. As a true NNN lease, the Tenant is responsible for all operating expenses including insurance and real estate taxes and is responsible for all maintenance, repairs, and replacements of the facilities, including the roof and structure.
The newly renovated property is ideally situated in the heart of the Fort Lauderdale market, encompassing a population of 475,000 and an average age of 43
within a five-mile radius. This prime demographic location significantly enhances the Property’s financial performance, as the consistent demand for healthcare
services will continue to drive customer traffic and revenue.