St. Petersburg, FL - Bayfront Health Medical Group

Description:

- Guarantor: Bayfront HMA Medical Center
- Bayfront Health Medical Group has approximately 7 years remaining on their initial term with 3 (5-year) option periods to extend
- Rare and attractive 2% annual rental increases throughout the initial term and each option period
- Tenant pays for CAM, taxes, and insurance
- Landlord responsibilities limited to roof and structure
- Ideal, low-management investment for a passive investor

• The property is located on the ground floor of The Salvador, a new 74-unit upscale condominium development in the middle of Downtown St. Petersburg
• Situated in the heart of St. Petersburg’s Arts & Innovation District near iconic buildings such as the Salvador Dali Museum and the Mahaffey Theater
• Clear visibility with prominent signage on the front facade
• For easy access, free valet parking is available to all patients
• The site benefits from on/off ramp access to Interstate 175 (35,000 VPD), a highway that connects directly to I-275 (148,500 VPD), the primary north/west freeway serving the cities of St. Petersburg and Tampa