Triple-Net Pediatric Medical
For Sale
Contact for pricing
1651 North Semoran Boulevard, Orlando, FL 32807
Single-tenant NNN medical office leased to Pediatric Associates.
Property Size7,366 SF
Price / SF$415.29
Days on Market70
Property Features for 1651 North Semoran Boulevard
General Information
Standard status
Active
Size
7,366 SF
Property subtype
Retail, Office
Occupancy
100%
Building Details
Year Built
1983
Tenancy
Single
Listing Agency:
Peranich Huffman Net Lease Group
Listed By:
Jonathan Peranich · License #9005448
Source:
Crexi
Added: May 28
Changed: Jul 10
Last Checked: Aug 5 at 8:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peranich Huffman Net Lease Group
Investment Insights
Based on property information with market context.
This property is a pediatric medical office configured for long-term healthcare use and is operated under a triple net (NNN) lease structure. The asset is part of the Pediatric Associates Florida Portfolio, a six-property offering presented by Peranich Huffman Net Lease Group. As disclosed, the property is fully leased to Pediatric Associates under an NNN arrangement designed to minimize landlord responsibilities.
Located at 1651 North Semoran Boulevard in Orlando, Florida, the asset is positioned within established suburban communities as described in the portfolio overview. The broader portfolio spans Greater Orlando and Central Florida markets and is concentrated within the Orlando MSA and surrounding communities.
For buyers and investors seeking a specialized healthcare tenant, Pediatric Associates is the stated tenant and is described in the remarks as a leading pediatric practice management platform founded in 1955. The offering materials also note Moody’s recognition of Pediatric Associates as the largest pediatric practice management company in the United States, along with a B2 Corporate Family Rating with a Stable Outlook. The leases are reported to include 3.00% annual rent escalations across the portfolio, supporting built-in contractual income growth over the term.
Located at 1651 North Semoran Boulevard in Orlando, Florida, the asset is positioned within established suburban communities as described in the portfolio overview. The broader portfolio spans Greater Orlando and Central Florida markets and is concentrated within the Orlando MSA and surrounding communities.
For buyers and investors seeking a specialized healthcare tenant, Pediatric Associates is the stated tenant and is described in the remarks as a leading pediatric practice management platform founded in 1955. The offering materials also note Moody’s recognition of Pediatric Associates as the largest pediatric practice management company in the United States, along with a B2 Corporate Family Rating with a Stable Outlook. The leases are reported to include 3.00% annual rent escalations across the portfolio, supporting built-in contractual income growth over the term.
Key Highlights
- Single‑tenant NNN medical office leased to Pediatric Associates
- Built in 1983
- Fully leased under Triple Net (NNN) lease structures
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $221.0k | $30.00 |
| − Vacancy | −$37.6k | −$5.10 |
| EGI | $183.4k | $24.90 |
| − OpEx | −$45.9k | −$6.23 |
| NOI | $137.6k | $18.67 |
7,366 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.29M
NOI $137,560 @ 7.0% cap · market cap 4.50%
Second Best
Healthcare Medical
$1.50M
$1.31M – $1.75M
NOI $105,010 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,099 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32807, FL
34,384
Population
13,906
Households
2.5
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
8.4 sq mi
ZIP Area
4,093
Density / Sq Mi
$59,583
Median Household Income
$32,667
Median Earnings
$1,471
Median Rent
$247,700
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-tenant NNN medical office leased to Pediatric Associates.
Where is this medical office space located?
The property is located at 1651 North Semoran Boulevard Orlando, FL.
What is the asking price?
The asking price for this property is $3,059,000.
What are key features of this property?
This property features: Single‑tenant NNN medical office leased to Pediatric Associates; Built in 1983; Fully leased under Triple Net (NNN) lease structures
