405 Lionel Way Davenport, FL 33837

The PrimeMed Davenport MOB is a Class A medical office building and procedure center, newly developed in 2018. The property features 9,253 rentable square feet. The space includes a cath lab, imaging facilities, exam rooms, and physician office spaces. The single-tenant asset is subject to a long-term, absolute-net lease with 5.5 years remaining and 3% fixed annual escalations to Comprehensive Cardiovascular Specialists. This leading regional cardiovascular specialty practice has three board-certified physicians practicing out of two locations in the Greater Orlando area. PrimeMed Davenport is strategically located adjacent to the campus of AdventHealth Heart of Florida Hospital, a licensed 202-bed acute care facility. Each physician in the tenant practice has hospital privileges at the AdventHealth Heart of Florida. The asset sits within a medical hub surrounded by several supporting outpatient healthcare facilities with uses that include cardiology, surgery, oncology and pharmacy space. The property has frontage on both Lionel Way and U.S. Highway 27, a major north-south thoroughfare providing access throughout Polk County and continuing to Miami to the South and Tallahassee to the north. The property is being offered on a fee-simple basis without any ground lease.