Lady Lake, FL - Optum Health

Description:

• The tenant currently has 2+ 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

• The asset is located along County Rd 466 which averages 24,500 VPD
• The site is located in close proximity to Rolling Acres Plaza, a 346,000+ SF shopping plaza, that is anchored by Target, T.J. Maxx, Bealls, Staples, and more
• Other nearby national/credit tenants include Publix, Home Depot, Petsmart, Kohl’s, Petco, Ulta, Five Below, CVS, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• 3,000+ SF condo unit with (2) entry points, making this highly flexible for multiple doctors
• The whole medical plaza is 100% occupied
• Furthermore, the subject property is located near Oakleaf Village Apartments (356 units), Carmendy Square Townhomes (152 units), and The Villages Elementary of Lady Lake School (761 students), further increasing consumer traffic to the immediate trade area