Triple Net Pediatric Medical
596 Courtland Boulevard Deltona, FL 32738
596 Courtland Boulevard, Deltona, FL, 32738
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For Sale
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Fully leased pediatric medical office assets under triple net terms with contractual 3% annual rent escalations.
Property Size6,208 SF
Price / SF$363.40
Days on Market56
Property Features for 596 Courtland Boulevard
General Information
- Standard status
- Active
- Size
- 6,208 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2012
Listing agency
Peranich Huffman Net Lease Group
Listed by
Jonathan Peranich · License #9005448
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 2:08PM
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 presented as part of the Pediatric Associates Florida Portfolio, a six-property net lease collection of pediatric medical office assets. The portfolio is fully leased to Pediatric Associates under Triple Net (NNN) lease structures designed to minimize landlord responsibilities. Each lease includes 3.00% annual rent escalations.
The properties are located throughout the Greater Orlando and Central Florida markets, positioned within established suburban communities across the region.
For investors, the portfolio is structured around a single healthcare operator with an essential-service pediatric focus. The tenant, Pediatric Associates, is described as one of the nation’s leading pediatric healthcare platforms, operating since 1955, with a B2 Corporate Family Rating (Stable Outlook) referenced in the materials. With all assets subject to NNN lease terms and built-in annual escalations, the package is intended to provide stable, passive income characteristics associated with a fully leased arrangement.
The properties are located throughout the Greater Orlando and Central Florida markets, positioned within established suburban communities across the region.
For investors, the portfolio is structured around a single healthcare operator with an essential-service pediatric focus. The tenant, Pediatric Associates, is described as one of the nation’s leading pediatric healthcare platforms, operating since 1955, with a B2 Corporate Family Rating (Stable Outlook) referenced in the materials. With all assets subject to NNN lease terms and built-in annual escalations, the package is intended to provide stable, passive income characteristics associated with a fully leased arrangement.
Key Highlights
- 2012‑built pediatric medical office asset located at 596 Courtland Blvd, Deltona, FL 32738
- Part of a 6‑property Pediatric Associates Florida portfolio leased to Pediatric Associates
- Fully leased under triple net (NNN) lease structures
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 | $134.1k | $21.60 |
| − Vacancy | −$10.1k | −$1.62 |
| EGI | $124.0k | $19.98 |
| − OpEx | −$31.0k | −$5.00 |
| NOI | $93.0k | $14.99 |
6,208 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $93,027 @ 7.0% cap · market cap 4.12%
Second Best
Healthcare Medical
$1.29M
$1.13M – $1.51M
NOI $90,312 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,133 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
First Choice Pediatrics ...
Pediatrician
Dr. Rachel Singer
Pediatrician
Ruben Guadalupe Aponte
Pediatrician
Mariella Cabrera Quijada
Pediatrician
Euripides Roques
Pediatrician
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FAQs
What type of property is this?
Medical center - Fully leased pediatric medical office assets under triple net terms with contractual 3% annual rent escalations.
Where is this medical center located?
The property is located at 596 Courtland Boulevard Deltona, FL.
What is the asking price?
The asking price for this property is $2,256,000.
What are key features of this property?
This property features: 2012‑built pediatric medical office asset located at 596 Courtland Blvd, Deltona, FL 32738; Part of a 6‑property Pediatric Associates Florida portfolio leased to Pediatric Associates; Fully leased under triple net (NNN) lease structures
