Florida Spine Institute offers the opportunity to acquire a fully leased, multi building medical office portfolio located along the established Drew Street medical corridor
in Clearwater, Florida. The fee simple portfolio totals approximately 40,573 square feet across four purpose built medical facilities on 3.58 acres and is 100 percent
occupied by complementary healthcare users, anchored by a long standing and well established medical group.
The asset provides durable cash flow supported by long-term double-net leases, annual rent escalations of 2.5%, and a weighted average lease term of approximately 10.1 years. In place tenancy is backed by operating medical practices and guarantees, reducing rollover risk while offering predictable income growth. Recent capital improvements across the portfolio further enhance long term performance and limit near term capital exposure.
Located within a premier medical submarket of the Tampa Bay region, the property benefits from strong demographics, an aging population, and sustained demand for outpatient and specialty care. Offered at a 6.00 percent cap rate on current NOI, Florida Spine Institute represents a compelling opportunity to acquire a
stabilized medical office investment with embedded growth and long term healthcare-driven fundamentals.