Net-Lease Pediatric Medical
For Sale
Contact for pricing
Pending
181 Sabal Palm Drive, Longwood, FL 32779
Single-tenant pediatric medical office within a fully leased NNN portfolio featuring annual rent escalations.
Property Size3,640 SF
Days on Market101
Property Features for 181 Sabal Palm Drive
General Information
Standard status
Pending
Size
3,640 SF
Property subtype
Retail, Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$80,175
Building Details
Year Built
1999
Tenancy
Single
Listing Agency:
Peranich Huffman Net Lease Group
Listed By:
Jonathan Peranich · License #617210
Source:
Crexi
Added: May 28
Changed: Aug 27
Last Checked: Sep 5 at 8:00AM
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 offering includes 181 Sabal Palm Drive, a pediatric medical office property leased under a Triple Net (NNN) structure to Pediatric Associates. The asset is part of a 6-property Pediatric Associates Florida portfolio presented for sale, and all leases are described as fully leased to Pediatric Associates under NNN terms designed to minimize landlord responsibilities. The leases also include 3.00% annual rent escalations.
The property is located at 181 Sabal Palm Drive in Longwood, Florida, and is one component of a portfolio spanning Greater Orlando and Central Florida markets. The overall portfolio is concentrated across established suburban communities within the Orlando MSA and surrounding areas, where the remarks describe increasing healthcare demand.
For investors seeking net-lease exposure to an essential-service healthcare operator, Pediatric Associates is the stated tenant. The remarks note that the company was founded in 1955 and operates an extensive pediatric healthcare platform. The tenant is also described as the largest pediatric practice management company in the United States, with a Moody’s B2 Corporate Family Rating and Stable Outlook, supporting an opportunity for long-term, contractual tenancy under the portfolio’s NNN framework.
The property is located at 181 Sabal Palm Drive in Longwood, Florida, and is one component of a portfolio spanning Greater Orlando and Central Florida markets. The overall portfolio is concentrated across established suburban communities within the Orlando MSA and surrounding areas, where the remarks describe increasing healthcare demand.
For investors seeking net-lease exposure to an essential-service healthcare operator, Pediatric Associates is the stated tenant. The remarks note that the company was founded in 1955 and operates an extensive pediatric healthcare platform. The tenant is also described as the largest pediatric practice management company in the United States, with a Moody’s B2 Corporate Family Rating and Stable Outlook, supporting an opportunity for long-term, contractual tenancy under the portfolio’s NNN framework.
Key Highlights
- Single‑tenant pediatric medical office asset built in 1999 within a 6‑property net lease portfolio
- Fully leased to Pediatric Associates under Triple Net (NNN) lease structure
- All six leases include 3.00% annual rent escalations for built‑in contractual income growth
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,382
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,087,640
$1.1M
Cap Rate 7%
$776,886
$776.9K
Cap Rate 9%
$604,244
$604.2K
Market Conditions
NOI Build-Up for 3,640 SF
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.
Gross rent
$87.4K $24.00/SF
− Vacancy
−$14.9K −$4.08/SF
EGI
$72.5K $19.92/SF
− OpEx
−$18.1K −$4.98/SF
NOI
$54.4K $14.94/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,087,640
Cap Rate 7%
$776,886
Cap Rate 9%
$604,244
Alternative Uses
Best Use
Office B
$776.9K
$679.8K – $906.4K
NOI $54,382 @ 7.0% cap · market cap 4.54%
Second Best
Healthcare Medical
$741.3K
$648.7K – $864.9K
NOI $51,892 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.04M
$906.4K – $1.21M
NOI $72,509 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32779, FL
29,321
Population
11,644
Households
2.5
Avg Household Size
45
Median Age
55%
College-Educated
97%
High-School Grad
18.9 sq mi
ZIP Area
1,551
Density / Sq Mi
$115,931
Median Household Income
$59,849
Median Earnings
$1,925
Median Rent
$458,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-tenant pediatric medical office within a fully leased NNN portfolio featuring annual rent escalations.
Where is this medical office space located?
The property is located at 181 Sabal Palm Drive Longwood, FL.
What is the asking price?
The asking price for this property is $1,197,000.
What are key features of this property?
This property features: Single‑tenant pediatric medical office asset built in 1999 within a 6‑property net lease portfolio; Fully leased to Pediatric Associates under Triple Net (NNN) lease structure; All six leases include 3.00% annual rent escalations for built‑in contractual income growth
