Description:

• The tenant has operated at this location since 2017 and has 9 years remaining on their lease
• The lease features 2.5% annual rental increases throughout the term, generating additional NOI and hedging against inflation
• SimonMed is one of the largest outpatient medical imaging providers and radiology practices in the United States
• SimonMed has approximately 170 sites across 11 states and over 200 subspecialty-trained radiologists

• The asset is fronting Bruce B Downs Blvd (51,500 VPD), a major north-south thoroughfare in Tampa, Florida, extending into Pasco County. It serves as a vital connector between neighborhoods like New Tampa and Wesley Chapel, and is designated as County Road 581 (CR 581) in Hillsborough County and State Road 581 (SR 581) in Pasco County
• Just North of USF (48,000-students)
• Just up the road from University Plaza, which ranks in the 87th percentile of all nationwide community shopping centers via Placer.ai
• Just North of AdventHealth Tampa, providing a consumer base from which to draw