Net Leased Pediatric Medical
501 West State Road 434 Winter Springs, FL 32708
501 West State Road 434, Winter Springs, FL, 32708
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For Sale
Contact for pricing
Fully leased under NNN to Pediatric Associates with contractual 3% annual rent escalations.
Property Size4,305 SF
Price / SF$397.91
Days on Market56
Property Features for 501 West State Road 434
General Information
- Standard status
- Active
- Size
- 4,305 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1987
Listing agency
Peranich Huffman Net Lease Group
Listed by
Jonathan Peranich · License #9005448
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 9:25AM
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 is for a pediatric medical office property held within the Pediatric Associates Florida net lease portfolio. The asset is operated under a Triple Net (NNN) lease structure, placing responsibility for many property-level obligations on the tenant. The portfolio is presented as fully leased to Pediatric Associates across six properties.
The specific property is located at 501 West State Road 434 in Winter Springs, Florida (within the Greater Orlando and Central Florida markets). The portfolio’s residences are positioned in established suburban communities, supporting a family-oriented healthcare environment for pediatric services.
For investors or buyers seeking net lease exposure to healthcare, the tenant is Pediatric Associates, a long-established pediatric practice management platform founded in 1955. The leases include 3.00% annual rent escalations across all six locations. As presented, the arrangement is designed to minimize landlord responsibilities while maintaining long-term contractual rent growth through the escalation feature. This combination of fully leased status, NNN structure, and recurring escalation is central to the investment premise described for the portfolio.
The specific property is located at 501 West State Road 434 in Winter Springs, Florida (within the Greater Orlando and Central Florida markets). The portfolio’s residences are positioned in established suburban communities, supporting a family-oriented healthcare environment for pediatric services.
For investors or buyers seeking net lease exposure to healthcare, the tenant is Pediatric Associates, a long-established pediatric practice management platform founded in 1955. The leases include 3.00% annual rent escalations across all six locations. As presented, the arrangement is designed to minimize landlord responsibilities while maintaining long-term contractual rent growth through the escalation feature. This combination of fully leased status, NNN structure, and recurring escalation is central to the investment premise described for the portfolio.
Key Highlights
- 6‑property net lease portfolio fully leased to Pediatric Associates under Triple Net (NNN) lease structures
- Each of the six leases includes 3.00% annual rent escalations for built‑in contractual income growth
- Tenant is Pediatric Associates, founded in 1955 and operating a pediatric healthcare platform
Local 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 | $103.3k | $24.00 |
| − Vacancy | −$17.6k | −$4.08 |
| EGI | $85.8k | $19.92 |
| − OpEx | −$21.4k | −$4.98 |
| NOI | $64.3k | $14.94 |
4,305 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$918.8K
$804.0K – $1.07M
NOI $64,317 @ 7.0% cap · market cap 3.75%
Second Best
Healthcare Medical
$876.7K
$767.2K – $1.02M
NOI $61,372 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,756 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Winter Springs Veterinary Clinic — 131 W State Rd 434, Winter Springs, FL 32708
FAQs
What type of property is this?
Medical Office Space - Fully leased under NNN to Pediatric Associates with contractual 3% annual rent escalations.
Where is this medical office space located?
The property is located at 501 West State Road 434 Winter Springs, FL.
What is the asking price?
The asking price for this property is $1,713,000.
What are key features of this property?
This property features: 6‑property net lease portfolio fully leased to Pediatric Associates under Triple Net (NNN) lease structures; Each of the six leases includes 3.00% annual rent escalations for built‑in contractual income growth; Tenant is Pediatric Associates, founded in 1955 and operating a pediatric healthcare platform
