1653 Jess Parrish Ct
Titusville, FL 32796
Pediatric Associates – 1653 Jess Parrish Ct · Bureau Propriété À vendre

Matthews Real Estate Investment Services™ is pleased to exclusively present the opportunity to acquire a single-tenant, net-leased medical office property in Titusville, Florida leased to Pediatric Associates, the nation’s largest privately owned pediatric physician group. Pediatric care has been delivered from this address since 1983, representing over 40+ years of community-rooted care at the location.
The property operates under a Modified Net lease structure, offering passive ownership as the tenant is responsible for taxes and insurance along with day-to-day maintenance, repairs, and operating expenses. The lease includes 3% annual rental increases with two 5-year renewal options remaining, providing a hedge against inflation and embedded income growth throughout ownership.
The site's lead physician has practiced here since the mid-1990s with significant career runway remaining. The practice recently added two additional clinicians – expanding its provider base and reinforcing a clear trajectory of continued growth at the location.
The property benefits from strong healthcare and demographic fundamentals, located one block from Parrish Medical Center, North Brevard's primary hospital system, and an established medical corridor that supports referral synergies and sustained demand. Additionally, the surrounding area is supported by a stable, family-anchored population, with nearly one in four Titusville households including children under 18 and steady 5-mile population growth to a projected 54,914 residents. Titusville and neighboring Port St. John also feature very limited freestanding pediatric-dedicated medical office supply, with Pediatric Associates standing alone as the leading pediatric operator across both markets.