4800 Park Blvd Pinellas Park, FL 33781

The property at 4800 Park Boulevard is an 8,094-square foot, single-tenant medical office building located in Pinellas Park, Florida. The property is fully leased to SimonMed Imaging, a nationally recognized outpatient imaging provider offering advanced diagnostic services, including MRI, CT/CAT scan, PET scan, 3D mammography, bone density (DEXA), ultrasound, and X-ray. Imaging operations have been continuous at this site for nearly 50 years. SimonMed has confirmed its intent to exercise its renewal option, extending the lease through February 29, 2032. A subsequent fair-market-rent option provides additional long-term upside. The asset generates an in-place NOI of approximately $188,000, supported by a modified NNN lease structure, 3.0% annual rent escalations, and parking income. SimonMed is beginning a major PET scanner renovation with an estimated capital investment of $1 million. Ownership has recently invested approximately $1.25 million to expand parking from 69 to 120 fully approved spaces. Major building components, including the roof and exterior paint, are only three to four years old. The property benefits from strong visibility, proximity to regional hospitals and referral networks, and favorable Medicare driven demographics. As the only outpatient PET scanner location in Pinellas County, 4800 Park Boulevard represents a durable medical asset offering secure cash flow and long-term value preservation.