Leesburg, FL - Optum Health

Description:

• The tenant currently has 7+ years remaining on their initial lease with 1 (5-year) option to extend, demonstrating their commitment to the site
• The lease features 3% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• Pivotal Health Care purchased the business from the owner in 2023 - The doctor has been at the location for 10 years and continues to work under their umbrella of doctors
• Below Market Rent of $21 PSF vs $27 PSF
• Brand-new Roof from 2026 with a warranty
• Brand-new HVAC unit from 2025 providing the new LL with minimal LL responsibilities
• Leesburg in one of the top growth markets in Florida
• The city is experienced an 18.5% year-over-year jump in growth
• The doctor’s wife is occupying 1,200 SF of the location where she runs her practice and will be signing a lease at closing with a personal guarantee on that commitment - Contact Agent for Details
• The second tenant (Doctor’s Wife) will be paying $2,500/month flat rent

• The asset is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Publix, Walgreens, Circle K, Planet Fitness, Bank of America, NAPA, and many more
• Furthermore, the subject property is near Leesburg High School (1,774 students) and UF Health Leesburg Hospital (350-bed), and a 264-unit multifamily development further increasing consumer traffic to the immediate trade area

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Listing ID: a28TP00000144VtYAI