Description

This premium medical office building in Tallahassee, Florida presents a compelling investment opportunity, offering a fully leased and high-performing asset supported by a strong tenant under an NN+ lease structure. With approximately nine years remaining on the lease, built-in 2% annual rent escalations, and backing from Ascend Plastic Surgery Partners, the property delivers stable, long-term income with minimal management responsibilities. As a specialized healthcare facility, it benefits from strong demand and low vacancy risk, typical of medical outpatient buildings and ambulatory surgery centers. Its strategic location within a prominent healthcare corridor—near major hospitals—further enhances its desirability for medical tenants. Tallahassee’s role as the state capital, along with its stable economy driven by government, education, and healthcare sectors, ensures consistent demand for services, while the presence of a large student population from Florida State University adds to the growing need for medical care. The tenant’s private equity backing strengthens financial reliability, and the clinic itself has a long-standing reputation, having operated since 1978. With multiple board-certified surgeons, a diverse range of procedures, and expansion plans in place, the property demonstrates strong operational potential. Additionally, the investor-friendly NN+ lease structure—where the tenant covers taxes, insurance, and maintenance—combined with Florida’s tax advantages, enhances overall cash flow and long-term value.