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Investment Highlights

  • Tenant in Business for 18 years and continuing to grow
  • Private Equity Backed
  • New 7 Year Leases - WALT of 7.0 as of June 2026

Executive Summary

Single-Tenant NNN Leased Medical Office Portfolio
Recession-resistant medical tenant with essential services
Diversified 5-location portfolio reduces single-asset risk
Long-term leases with 3% annual bumps
Two four-year extension options
Total lease term of 15 years
Long-term current occupancy
Dunedin - 20+ years (acquired business)
Palm Harbor - 18+ years
Strong Tampa Bay growth market fundamentals
True NNN - Predictable passive income
Tenant:
13 locations
30+ providers
Patient-oriented dermatology clinic with multiple service lines
Cosmetic
Medical
Surgical
Skin Cancer Clinic
Tenant responsible for taxes, insurance, and maintenance
Located throughout the Tampa Bay Region, one of Florida’s fastest-growing markets

Property Facts

Price $11,250,831 CAD
Price / SF $507.53 CAD / SF
Cap Rate 6.36%
Sale Type Investment NNN
Status Active
Number of Properties 5
Individually For Sale 0
Total Building Size 22,168 SF
Total Land Area 1.25 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
605-625 Medical Care Dr, 1st Floor - Unit 621, Brandon, FL 33511 Medical Condo 2,129 SF 2002 -
600 Lakeview Rd, 1st Floor - Unit A, Clearwater, FL 33756 Office Condo 1,835 SF 1981 -
Heritage Oaks
1022 Main St, 1st Floor - Unit R, Dunedin, FL 34698
Medical Condo 2,884 SF 1985 -
4197 Woodlands Pky, Palm Harbor, FL 34685 Office 11,180 SF 2006 -
11601 Sheldon Rd, Tampa, FL 33626 Retail 4,140 SF 1974 -
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  • Listing ID: 40665330

  • Date on Market: 2026-05-26

  • Last Updated:

  • Address: Dermatology Medical Office Portfolio, Brandon, FL

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